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John Varghese & Abraham Philip Acquire 5 Unit Retail Strip In Elmont For $1.45M

739-741 Elmont Road
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This Retail property located in NY was sold for $1,455,000 over 4 years ago. The broker of the deal was Gurpreet (Sonny) Singh

A 5 unit retail strip with parking located at 739-741 Elmont Rd in Elmont has been sold for $1,455,000. The property spans 4,381 square feet, resulting in a price per square foot of $332. The transaction took place on 07/18/2019.

Summary of transaction details

  • Property Type: 5 unit retail strip
  • Transaction Amount: $1,455,000
  • Square Footage: 4,381
  • Price per Square Foot: $332
  • Address: 739-741 Elmont Rd
  • Market: Elmont

The buyers of the property are John Varghese and Abraham Philip. They acquired the property from Surinder Arora – Durga Management, Inc. The transaction was facilitated by Gurpreet Singh, who represented the buyers as their broker.

This retail strip was fully occupied at the time of the sale, making it an attractive investment opportunity for the buyers.

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Deals
  • Location
    739 Elmont Rd, Elmont, NY 11003, USA739 Elmont Rd, Elmont, NY 11003, USA
  • Sale Price
    $1,455,000$1,455,000
    $332 PPSF$332 PPSF
  • Area
    4,381 SF4,381 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Gurpreet (Sonny) Singh

Gurpreet (Sonny) Singh

Deals7
Sold$12.3M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

Deal Summary

IMAGE: Gurpreet Singh DATE: 07/18/2019 ADDRESS: 739-741 Elmont Rd MARKET: Elmont PRICE: $1,455,000 SF: 4381 PPSF: $332 BUYER: John Varghese & Abraham Philip SELLER: Surinder Arora – Durga Management, Inc BROKERS: Gurpreet Singh NOTE: 5 Unit Retail Strip With Parking. 100% Occupied at the the time of the sale.

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739-741 Elmont Road

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