A newly built retail property in North Bellmore has sold for $4.888 million.
KPK RE, LLC, an entity registered to a Poughkeepsie-based real estate investor, purchased the newly built 2,580-square-foot convenience store at 2663 Jerusalem Ave. at the corner of Bellmore Road that’s leased to a 7-Eleven.
The 7-Eleven, which also has four gas pumps, opened in Oct. 2021. The property was formerly occupied by an auto repair shop, an Extra gas station and ET Custom Millwork.
The sale price equates to a 4.5 percent cap rate.
Neil Schorr of Schorr Properties bought the site for $1.9 million in Dec. 2020 and then redeveloped it into the 7-Eleven.
Harmanak Singh of R New York Realty represented the buyer, while seller Schorr was self-represented in the sales transaction.