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9443 Merrick Boulevard

Daniel Cohen Acquires Retail Property On Merrick Boulevard In New York City For $4.5M
SOLDRetail

Daniel Cohen Acquires Retail Property On Merrick Boulevard In New York City For $4.5M

9443 Merrick Boulevard

$4,500,000

$532/SF

Building Size

8,449 SF

Asset Type

Retail

Closing

Feb 24, 2023

AI

A retail property located at 9443 Merrick Boulevard in New York City has been sold for a price of $4,500,000. This property spans a total of 8,449 square feet, resulting in a price per square foot of $533. The transaction took place on February 24, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,500,000
  • Square Footage: 8,449
  • Price Per Square Foot: $533
  • Address: 9443 Merrick Boulevard, New York City

The buyer of the property is Daniel Cohen, while the seller is Vincent Dejana. The transaction was facilitated by brokers DeWitt Goss and Jeffery Miller from Matthews Real Estate Investment Services. Jeffery Miller acted as the representative for Daniel Cohen in the deal.

Players

DeWitt Goss

Matthews

Broker

$11.5M

vol

3 deals

Broker

Daniel Cohen

Buyer

$36.7M

vol

10 deals

Buyer

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93