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99 Jericho Turnpike

Raymond Ptel Acquires Corner Retail Building In Mineola For $900000 From Mark Lencko
SOLDRetail

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

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:

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

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

152 deals

Broker

Mineola 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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93