Ripco And RPS Capital Management Acquire Retail Property In Woodbury, Long Island For $11.3M
7920 Jericho Tpke
$11,325,000
$2,323/SF
Building Size
4,875 SF
Asset Type
Retail
Closing
Feb 1, 2023
AI
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.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93