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Fame On Central Acquires Retail Property From BOSFA Properties For $8.14M In Lawrence NY

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SOLD
$8,140,000

New York

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Retail15,400 SF
Sold 10/03/2025
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Property Image
SOLD

Fame On Central Acquires Retail Property From BOSFA Properties For $8.14M In Lawrence NY

315 Central Avenue

See Similar Deals
Retail15,400 SF
Sold 10/03/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$528
Total Square Footage:15,400 SF
Transaction Type:Sale

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

Evan Schuckman
8 deals$8.1M volume
BROKER

SELLER

Details

SOLD
IMAGE: Evan Schuckman DATE: 10/3/2025 ADDRESS: 305-315 Central Avenue MARKET: Lawrence, NY ASSET TYPE: Retail BUYER: Fame on Central SELLER: BOSFA Properties BROKER: Evan Schuckman - Ripco (@RipcoRealEstate) SALE PRICE: $8,140,000 SF: 15,400 ~ PPSF: $528

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,919.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,587.75
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