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Anthony Dalto Acquires Retail Property In Bohemia, NY For $3.9M

4180 Veterans Memorial Highway
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This Retail property located in NY was sold for $3,928,571 12 months ago. The brokers of the deal were Daniel Abbondandolo and Joegy Raju

The retail property located at 4180 Veterans Memorial Highway in Bohemia, NY has been successfully sold. The asset, comprising of an Absolute NNN leased Starbucks and Anthony’s Coal Fired Pizza, was traded at the asking price of $3,928,571, with a price per square foot of $786. The property spans 5,000 square feet and boasts a desirable location directly across the street from the entrance to MacArthur Airport (ISP). The transaction reflects a 7% Cap Rate, highlighting the strength of the tenancy and the unparalleled location.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,928,571
  • Address: 4180 Veterans Memorial Highway, Bohemia, NY
  • Market: Bohemia
  • Square Footage: 5,000
  • Price per Square Foot: $786
  • Buyer: Anthony Dalto
  • Seller: Anita Zarbis
  • Buyer's Representative: Daniel Abbondandolo & Joegy Raju - Cushman & Wakefield
  • Seller's Representative: Judson Kauffman - NNN Pro

The successful sale was facilitated by the buyer's representatives, Daniel Abbondandolo and Joegy Raju from Cushman & Wakefield, along with the seller's representative, Judson Kauffman from NNN Pro. Their expertise and negotiation skills played a crucial role in closing the deal at the full asking price.

The transaction showcases the desirability of the property, with its prime location across from MacArthur Airport, making it an attractive investment opportunity. The combination of an Absolute NNN leased Starbucks and Anthony’s Coal Fired Pizza further adds to the appeal of this retail asset.

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Deals
  • Location
    4180 Veterans Memorial Highway4180 Veterans Memorial Highway
  • Sale Price
    $3,928,571$3,928,571
    $785 PPSF$785 PPSF
  • Area
    5,000 SF5,000 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Joegy Raju

Joegy Raju

Deals25
Sold$143.2M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

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Deal Summary

SALE IMAGE: Judson Kauffman, Daniel Abbondandolo & Joegy Raju DATE: 04/11/2023 ADDRESS: 4180 Veterans Memorial Highway MARKET: Bohemia ASSET TYPE: Retail BUYER: Anthony Dalto SELLER: Anita Zarbis BUYER'S REP: Daniel Abbondandolo (@Teamabbondandolo) & Joegy Raju (@Jogity103) - Cushman & Wakefield (@CUshWake) SELLER'S REP: Judson Kauffman - NNN Pro SALE PRICE: $3,928,571 SF: 5,000 ~ PPSF: $786 NOTE FROM BROKER: Our teams are proud to have successfully brokered the sale of 4180 Veterans Memorial Highway, Bohemia, NY – an Absolute NNN leased Starbucks and Anthony’s Coal Fired Pizza. The asset traded hands at the asking price, for $3,928,571 - $786 / SF, reflecting a 7% Cap Rate. The trade can be attributed to the strength of tenancy, in an unparalleled location – directly across the street from the entrance to MacArthur Airport (ISP).

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4180 Veterans Memorial Highway

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