Flushing, N.Y., investor buys 14th Street IHOP

BUYER: Mamos Realty LLC (principal: Philip Mamos), Flushing, N.Y.
SELLER: Urban Atlantic Group LLC
PROPERTY: 5427 W. 14th St., Bradenton
PRICE: $1.28 million
PREVIOUS PRICE: $1 million, March 2010
LAW FIRM ON DEED: St. George & Tejera PA, Coral Gables

PLANS, DESCRIPTION: Philip Mamos of Flushing, N.Y., purchased a 2,768-square-foot restaurant on U.S. 41 for $1.28 million.

The price equated to $462 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.