Stake Property Group Acquires Retail Asset On Sunrise Highway Long Island For $4.9M
$4,900,000
$453/SF
Building Size
10,800 SF
Asset Type
Retail
Closing
May 13, 2026
AI
The asset involved in the transaction is a retail property located on Sunrise Highway in Long Island, NY. The sale price was $4,900,000, with a total square footage of 10,800, resulting in a price per square foot of $453.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Buyer: Stake Property Group
- Sale Date: 5/14/2026
- Market: Long Island, NY
- Square Footage: 10,800
- Price per Square Foot: $453
Stake Property Group successfully navigated multiple complex issues during the acquisition, indicating their focus on securing off-market transactions, including distressed notes and properties with legal encumbrances. The company aims to act swiftly, employing creative underwriting strategies to close deals that others might avoid.
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93