Ripco And RPS Capital Management Acquire Retail Property In Woodbury, Long Island For $11.3M
SOLD
$11,325,000
+ 1
New York
See Similar DealsRetail4,875 SF
Sold
SOLD
Ripco And RPS Capital Management Acquire Retail Property In Woodbury, Long Island For $11.3M
7920 Jericho Tpke
See Similar DealsRetail4,875 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2323
Total Square Footage:4875 SF
Transaction Type:Sale
The retail property located at 7920 Jericho Tpke in Woodbury, Long Island has been sold for a price of $11,325,000. The property spans across 4,875 square feet, resulting in a price per square foot of $2,323. The transaction took place on February 1, 2023, and the property is expected to yield a cap rate of 4.37%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,325,000
- Address: 7920 Jericho Tpke
- Market: Woodbury, Long Island
- Square Footage: 4,875
- Price per Square Foot: $2,323
- Cap Rate: 4.37%
The sale of this retail property was facilitated by brokers Stephen R. Preuss Sr., Christian Allimonos, and Andreas Efthymiou from Ripco, along with Robert Sharfstein from RPS Capital Management LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$604,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,235.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,686.28
Annual Debt Service$644,235.33
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