Messafi & Shamash Living Trusts Sells Retail Asset In Centereach For $1.15M With Ripco Rep
SOLD
$1,150,000
+ 1
New York
See Similar DealsRetail3,500 SF
Sold 03/27/2026
SOLD
Messafi & Shamash Living Trusts Sells Retail Asset In Centereach For $1.15M With Ripco Rep
1444 Middle Country Road
See Similar DealsRetail3,500 SF
Sold 03/27/2026
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$328
Total Square Footage:3,500 SF
Transaction Type:Sale
The retail asset located at 1444 Middle Country Road in Centereach features a total square footage of 3,500. The property was sold for a transaction amount of $1,150,000, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,150,000
- Square Footage: 3,500
- Price Per Square Foot: $328
- Address: 1444 Middle Country Road
- Market: Centereach
- Seller: Messafi & Shamash Living Trusts - Rina Fern
- Brokers: Andreas Efthymiou, Christian Allimonos, Kevin Louie & Stephen R. Preuss Sr. - Ripco
The deal involved key representatives including Andreas Efthymiou, Christian Allimonos, Kevin Louie, and Stephen R. Preuss Sr. from Ripco, who played pivotal roles in facilitating the transaction for the seller, Rina Fern of Messafi & Shamash Living Trusts.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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