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1444 Middle Country Road

Messafi & Shamash Living Trusts Sells Retail Asset In Centereach For $1.15M With Ripco Rep
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Messafi & Shamash Living Trusts Sells Retail Asset In Centereach For $1.15M With Ripco Rep

1444 Middle Country Road

$1,150,000

$328/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Mar 27, 2026

AI

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.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Centereach 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93