Mike Jags Purchases Retail Asset From Fred DeStefano For $1.7M In Massapequa Park

The retail property located at 4750 Sunrise Highway, Massapequa Park, was sold with a transaction amount of $1,700,000. The asset sits on a lot size of 38 acres and has a total square footage of 1,800.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,700,000
• Lot Size: 38 Acres
• Square Footage: 1,800
• Buyer: Mike Jags
• Seller: Fred DeStefano
• Broker: Michael Gronenthal - Douglas Elliman

This transaction features a long-term net lease with Avis Budget Group, highlighting the investment potential of the property through established tenancy.