SOLDRetail
Walmart Realty Acquires Retail Asset From Michel A. Khalaf For $48 Million In Farmingdale
965 Broadhollow Road
$48,000,000
$218/SF
Building Size
220,000 SF
Asset Type
Retail
Closing
Feb 25, 2026
AI
The retail asset located at 965 Broadhollow Road in Farmingdale, N.Y. was sold for $48 million. The building encompasses 220,000 square feet, and the price per square foot is $218.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,000,000
- Buyer: Walmart Realty
- Seller: Michel A. Khalaf - MetLife Real Estate Investment
- Market: Farmingdale
- Square Footage: 220,000
- Price Per Square Foot: $218
Walmart Realty has acquired the property it occupies at Republic Plaza from MetLife Real Estate Investment, aligning with its strategy to own the locations of its stores.
Players
Farmingdale 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93