SYU Properties Purchases Retail Asset From Matthew Scherr For $13,375,000 In Rego Park
9101 Metropolitan Avenue
$13,375,000
$943/SF
Building Size
14,175 SF
Asset Type
Retail
Closing
Sep 16, 2026
About this deal
AI
The retail asset located at 9101 Metropolitan Avenue in the Rego Park market has been sold for a transaction amount of $13,375,000. The property encompasses a total square footage of 14,175, which equates to a price per square foot of $943.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,375,000
- Address: 9101 Metropolitan Avenue
- Market: Rego Park
- Square Footage: 14,175
- Price Per Square Foot: $943
- Buyer: SYU Properties
- Seller: Matthew Scherr
- Brokers: Steven Hakakian & Ari Malul - Schuckman Realty
The transaction involved the representation of SYU Properties by brokers Steven Hakakian and Ari Malul from Schuckman Realty, facilitating the sale conducted between the buyer, SYU Properties, and the seller, Matthew Scherr.
On the Map
$13,375,000
$943/SF
Retail
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Players
Rego Park 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93