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The Almonte Family Acquires Merrick Retail Property For $18.5M

1902-2016 Merrick Road
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This Retail property located in NY was sold for $18,500,000 over 2 years ago. The brokers of the deal were Michael "Mike" Tuccillo, Matthew Klang, David Robinov, Alan Goodkin, and Andrew Nahum

The Merrick Shopping Center located at 1902-2016 Merrick Road in Merrick has been sold in a recent transaction. The retail property spans 37,792 square feet and is situated in a prime location. The sale price for this asset was $18,500,000, resulting in a price per square foot of $489.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $18,500,000
  • Address: 1902-2016 Merrick Road, Merrick
  • Market: Merrick

The Almonte Family acquired the Merrick Shopping Center from the Chosed Family. The sale of this trophy asset was facilitated by Michael Tuccillo and Matthew Klang from Marcus & Millichap-NY, along with David Robinov, Alan Goodkin, and Andrew Nahum from Ackman Ziff. This transaction attracted significant interest from local, regional, and national investors, demonstrating the appeal and value of the property.

For more information on this sale and other similar properties, please reach out to the representatives involved in the deal.

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Deals
  • Location
    1902 Merrick Road, Merrick, NY, USA1902 Merrick Road, Merrick, NY, USA
  • Sale Price
    $18,500,000$18,500,000
    $489 PPSF$489 PPSF
  • Area
    37,792 SF37,792 SF
  • Asset Type
    RetailRetail
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Michael "Mike" Tuccillo

Michael "Mike" Tuccillo

Deals11
Sold$263.9M

Alan Goodkin

Alan Goodkin

Deals1
Sold$18.5M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Ackman-Ziff

Ackman-Ziff

Agency
Deals75
Volume$6.3B

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Deal Summary

SALE IMAGE: David Robinov, Matthew Klang, Michael Tuccillo, Andrew Nahum & Alan Goodkin DATE: 08/26/2021 ADDRESS: 1902-2016 Merrick Road MARKET: Merrick ASSET TYPE: Retail BUYER: The Almonte Family SELLER: The Chosed Family BROKERS: Michael Tuccillo & Matthew Klang - @MarcusMillichap_NY, David Robinov (@davidirobinov) , Alan Goodkin (@alan_goodkin) & Andrew Nahum (@anahum791) - @AckmanZiff SALE PRICE: $18,500,000 SF: 37,792 ~ PPSF: $489 NOTE: @TheTuccilloGroup of Marcus & Millichap & Ackman Ziff negotiated the sale of the Merrick Shopping Center. This trophy asset garnered tremendous interest from local, regional & national investors. For more information on this sale as well as additional information on similar properties please reach out!

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1902-2016 Merrick Road

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