David Patel Acquires Retail Property At 840 Old Country Road For $8 Million With Brokers Gary Pezza And Benjamin Zone

The retail asset located at 840 Old Country Road in Riverhead has been sold for $8,000,000. The property encompasses 11,000 square feet, resulting in a price per square foot of $727.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $8,000,000
• Address: 840 Old Country Road
• Market: Riverhead
• Size: 11,000 SF
• Price Per Square Foot: $727
• Buyer: David Patel
• Seller: Peter Moutafis
• Buyer's Representative: Benjamin Zone - Meridian Capital Group
• Seller's Representative: Gary Pezza - DGNY Commercial

The transaction included two key representatives: Benjamin Zone, who represented the buyer, David Patel, and Gary Pezza, who represented the seller, Peter Moutafis, ensuring a professional exchange during the sale process.