EDP Dental Plan Purchases Retail Property On E Jericho Turnpike From Larry Localzo For $3.7M
Jericho Turnpike
$3,700,000
$302/SF
Building Size
12,225 SF
Asset Type
Retail
Closing
Dec 7, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 1900 E Jericho Turnpike in the Long Island market. The sale price reached $3,700,000, and the property spans a total area of 12,225 square feet. The price per square foot for this property is approximately $302.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 1900 E Jericho Turnpike
- Market: Long Island
- Square Footage: 12,225
- Price per Square Foot: $302
- Buyer: EDP Dental Plan
- Seller: Larry Localzo
- Buyer's Representative: Deborah Kashanian - Sotheby's International Realty
The individuals involved in this transaction include EDP Dental Plan as the buyer and Larry Localzo as the seller. The buyer's representation was handled by Deborah Kashanian from Sotheby's International Realty, who facilitated the deal for the buyer.
Players
East Northport 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93