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315 Central Avenue

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

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

Evan Schuckman

Ripco

Broker

$8.1M

vol

9 deals

Broker
BP
BOSFA PropertiesSeller

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