Reuven Chai Levy Purchases Retail Property From Matt Rettner In Long Beach For $2.5M
SOLD
$2,500,000
+ 1
New York
See Similar DealsRetail9,900 SF
Sold 07/01/2025
SOLD
Reuven Chai Levy Purchases Retail Property From Matt Rettner In Long Beach For $2.5M
350 National Boulevard
See Similar DealsRetail9,900 SF
Sold 07/01/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:9,900 SF
Transaction Type:Sale
The retail property located at 350 National Boulevard in Long Beach has been sold for $2,500,000. This asset spans 9,900 square feet, resulting in a price per square foot of $252.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Sale Date: 7/1/2025
- Buyer: Reuven Chai Levy
- Seller: Matt Rettner
- Seller's Representatives: Aaron Jungreis, Ben Khakshoor, Alex Fuchs, Justin Levy - Rosewood Realty Group
The transaction saw Reuven Chai Levy acquiring the property from seller Matt Rettner, with representation provided by Rosewood Realty Group, specifically by Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Justin Levy.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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