Robert Sharfstein Of RPS Capital Management Represents Buyer In $3.85M Riverhead Retail Sale
1189 Old Country Road
$3,950,000
$289/SF
Building Size
13,645 SF
Asset Type
Retail
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in the transaction is located at 1189 Old Country Road in Riverhead. This retail asset has a total square footage of 13,645 and was sold for $3,850,000, resulting in a price per square foot of $282.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,850,000
- Address: 1189 Old Country Road
- Market: Riverhead
- Square Footage: 13,645
- Price per Square Foot: $282
The key individuals involved in this transaction include Robert Sharfstein, representing RPS Capital Management, as the buyer's representative. Additional representatives from Ripco include Stephen R. Preuss Sr., Christian Allimonos, Andreas Efthymiou, Kevin Louie, and Kevin Schmitz.
Players
Riverhead 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93