Raymond Ptel Acquires Corner Retail Building In Mineola For $900000 From Mark Lencko
99 Jericho Turnpike
$900,000
$625/SF
Building Size
1,440 SF
Asset Type
Retail
Closing
Oct 30, 2025
About this deal
AI
The property asset involved in the transaction is a corner retail building located at 99 Jericho Turnpike in the Mineola market. The sale price of the property was $900,000, with a building size of 1,440 square feet, resulting in a price per square foot of $625.
Summary of transaction details:
- Property Type: Corner Retail Building
- Transaction Amount: $900,000
- Building Size: 1,440 SF
- Price per Square Foot: $625
- Buyer: Raymond Ptel
- Seller: Mark Lencko
- Brokers: Luca DiCiero, Giuseppe Gregorio & Nicholas Evangelista - NY Space Finders
Representatives from NY Space Finders played a crucial role in this transaction. The brokerage team consisting of Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista facilitated the deal between the buyer, Raymond Ptel, and the seller, Mark Lencko.
Players
Mineola Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Luca DiCiero to view all their deals.
Browse Mineola retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93