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Ripco And RPS Capital Management Acquire Retail Property In Woodbury, Long Island For $11.3M

7920 jericho tpke
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This Retail property located in NY was sold for $11,325,000 about 1 year ago. The brokers of the deal were Stephen R. Preuss Sr., Christian Allimonos, Andreas Efthymiou, and Robert Sharfstein

The retail property located at 7920 Jericho Tpke in Woodbury, Long Island has been sold for a price of $11,325,000. The property spans across 4,875 square feet, resulting in a price per square foot of $2,323. The transaction took place on February 1, 2023, and the property is expected to yield a cap rate of 4.37%.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $11,325,000
  • Address: 7920 Jericho Tpke
  • Market: Woodbury, Long Island
  • Square Footage: 4,875
  • Price per Square Foot: $2,323
  • Cap Rate: 4.37%

The sale of this retail property was facilitated by brokers Stephen R. Preuss Sr., Christian Allimonos, and Andreas Efthymiou from Ripco, along with Robert Sharfstein from RPS Capital Management LLC.

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Deals
  • Location
    7920 Jericho Tpke7920 Jericho Tpke
  • Sale Price
    $11,325,000$11,325,000
    $2,323 PPSF$2,323 PPSF
  • Area
    4,875 SF4,875 SF
  • Asset Type
    RetailRetail
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Christian Allimonos

Christian Allimonos

Deals11
Sold$100.4M

Andreas Efthymiou

Andreas Efthymiou

Deals84
Financed$692.7M

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agencies

Ripco

Ripco

Agency
Deals629
Volume$4.2B

RPS Capital Management

RPS Capital Management

Agency
Deals8
Volume$54.1M

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Deal Summary

SALE IMAGE: Stephen R. Preuss Sr., Christian Allimonos, Andreas Efthymiou & Robert Sharfstein DATE: 02/01/2023 ADDRESS: 7920 Jericho Tpke MARKET: Woodbury, Long Island ASSET TYPE: Retail BROKERS: Stephen R. Preuss Sr. (@RipcoInvestmentSales), Christian Allimonos (@Christian.Allimonos_CRE) & Andreas Efthymiou (@Andreas.E_investment_sales) - Ripco (@RipcoRealEstate); & Robert Sharfstein - RPS Capital Management LLC SALE PRICE: $11,325,000 SF: 4,875 ~ PPSF: $2,323 CAP RATE: 4.37%

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