Chuck Xiao Purchases Retail Space In Floral Park For $1,340,000 With Brokers Luca DiCiero, Giuseppe Gregorio & Maximilian Pugliese
Jericho Tpke
$312
$0/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Jun 16, 2026
AI
The asset involved in this transaction is a retail property located at 249-50 Jericho Turnpike in Floral Park. The property was sold for $1,340,000, encompassing a total square footage of 4,300, translating to a price per square foot of $312.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,340,000
- Address: 249-50 Jericho Turnpike
- Market: Floral Park
- Square Footage: 4,300
- Price Per Square Foot: $312
- Buyer: Chuck Xiao
- Seller: Marty Hauser
- Brokers: Luca DiCiero, Giuseppe Gregorio & Maximilian Pugliese - NY Space Finders
Chuck Xiao is the buyer of the retail property, while Marty Hauser is the seller. The brokers facilitating this transaction are Luca DiCiero, Giuseppe Gregorio, and Maximilian Pugliese, all representing NY Space Finders in the deal.
Players
Market 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
50842.95%
Cash-on-Cash
-14531.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93