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
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