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Dave Patel Acquires Retail Property At 840 Old Country Road From Peter Moutafis For $8M

Property Image
SOLD
$8,000,000
Gary Pezza
Benjamin Zone

New York

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Retail11,000 SF
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Property Image
SOLD

Dave Patel Acquires Retail Property At 840 Old Country Road From Peter Moutafis For $8M

840 Old Country Road

See Similar Deals
Retail11,000 SF
Sold
Gary Pezza
Benjamin Zone
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$727
Total Square Footage:11000 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 840 Old Country Road in Riverhead. It was sold for a total amount of $8,000,000. The property encompasses a total square footage of 11,000, resulting in a price per square foot of $727.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,000,000
  • Address: 840 Old Country Road
  • Market: Riverhead
  • Square Footage: 11,000
  • Price Per Square Foot: $727
  • Buyer: Dave Patel
  • Seller: Peter Moutafis
  • Buyer's Representative: Benjamin Zone - Meridian Capital Group
  • Seller's Representative: Gary Pezza - DGNY Commercial

The transaction included key representatives from the commercial real estate sector. Benjamin Zone represents the buyer, Dave Patel, through Meridian Capital Group, while Gary Pezza represents the seller, Peter Moutafis, through DGNY Commercial.

Players

Gary Pezza
DGNY Commercial
Gary Pezza
6 deals$25M volume(516) 972-4700
BROKER
Benjamin Zone
Meridian Capital Group
Benjamin Zone
9 deals$15.1M volume(917) 583-2881
BROKER

Details

SOLD
IMAGE: Benjamin Zone & Gary Pezza DATE: 2/27/2026 ADDRESS: 840 Old Country Road MARKET: Riverhead ASSET TYPE: Retail BUYER: Dave Patel SELLER: Peter Moutafis BUYER'S REP: Benjamin Zone (@BenwZone) - Meridian Capital Group (@Meridian.Capital.Group) (@Meridian_Retail_Leasing) SELLER'S REP: Gary Pezza - DGNY Commercial SALE PRICE: $8,000,000 SF: 11,000 ~ PPSF: $727

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
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