Steven Mendelsohn Acquires Retail Property In Center Moriches For $4.425M As Buyer's Rep Michael Murphy
SOLD
$4,425,000
New York
See Similar DealsRetail22,500 SF
Sold 09/04/2025
SOLD
Steven Mendelsohn Acquires Retail Property In Center Moriches For $4.425M As Buyer's Rep Michael Murphy
Center Court
See Similar DealsRetail22,500 SF
Sold 09/04/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$196
Total Square Footage:22,500 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 11-32 Center Ct in Center Moriches, NY. The sale price was $4,425,000, covering 22,500 square feet, resulting in a price per square foot of $196.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,425,000
- Square Footage: 22,500
- Address: 11-32 Center Ct
- Market: Center Moriches, NY
- Buyer: Steven Mendelsohn
- Seller: Jason Breitstone & David Shorenstein - Hildreth Real Estate Advisors
- Broker: Michael Murphy - Douglas Elliman
The transaction involved key individuals such as the buyer Steven Mendelsohn and sellers Jason Breitstone and David Shorenstein, who are associated with Hildreth Real Estate Advisors. The broker Michael Murphy played a crucial role in facilitating the deal through Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,721.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,976.76
Annual Debt Service$251,721.09
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