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
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