Link to Traded.com article here.
The retail asset located at 840 Old Country Road in Riverhead has been sold for $8,000,000. The property encompasses 11,000 square feet, resulting in a price per square foot of $727.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 840 Old Country Road
- Market: Riverhead
- Size: 11,000 SF
- Price Per Square Foot: $727
- Buyer: David Patel
- Seller: Peter Moutafis
- Buyer’s Representative: Benjamin Zone – Meridian Capital Group
- Seller’s Representative: Gary Pezza – DGNY Commercial
The transaction included two key representatives: Benjamin Zone, who represented the buyer, David Patel, and Gary Pezza, who represented the seller, Peter Moutafis, ensuring a professional exchange during the sale process.