Fame On Central Acquires Retail Property From BOSFA Properties For $8.14M In Lawrence NY
315 Central Avenue
$8,140,000
$528/SF
Building Size
15,400 SF
Asset Type
Retail
Closing
Oct 2, 2025
AI
The property asset involved in this transaction is a retail space located at 305-315 Central Avenue in Lawrence, NY. The property was sold for $8,140,000, covering a total area of 15,400 square feet, which results in a price per square foot of $528.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,140,000
- Address: 305-315 Central Avenue
- Market: Lawrence, NY
- Square Footage: 15,400
- Price Per Square Foot: $528
- Buyer: Fame on Central
- Seller: BOSFA Properties
- Broker: Evan Schuckman - Ripco
Key individuals involved in the deal include the buyer, Fame on Central, and the seller, BOSFA Properties. The transaction was facilitated by broker Evan Schuckman representing Ripco, ensuring the successful transfer of the retail property ownership between the parties.
Players
Lawrence 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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93