Steven Mendelsohn Acquires Retail Property In Center Moriches For $4.425M As Buyer's Rep Michael Murphy
Center Court
$4,425,000
$196/SF
Building Size
22,500 SF
Asset Type
Retail
Closing
Sep 3, 2025
About this deal
AI
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.
On the Map
$4,425,000
$196/SF
Retail
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Players
Center Moriches 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
3.58%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93