Exterior of 358 Broadway Mall, Hicksville, NY
1. Broadway Commons
Address: 358 Broadway Mall, Hicksville, NY 11801
Sale Date: February 1, 2024
Sale Price: $39,577,502
PSF: $54.22
KRE Broadway Owner, LLC sold this 737,000 square-foot retail portfolio to KABR Group. This property was sold as part of a shopping center portfolio. This property contains this extremely large retail center and an additional 7,140 square-feet of restaurant space on the lot.
The property was built in 1956 and was later renovated in 1999. There are 15 dock ext and the building is said to be two stories tall. There are 4,615 on-site parking spaces for the convenience of shoppers and there is elevator access inside the building.
This property contains 83 tenants. Notable tenants at this location at the time of sale were Target, Round1, Showcase Cinema, H&M, and several more.
2. Storefront Retail in Southampton, NY
Address: 1-17 Windmill Ln, Southampton, NY 11968
Sale Date: February 9, 2024
Sale Price: $8,400,000
Price/SF: $423
Futterman Organization, Inc. sold this retail storefront in Southampton to Excelsior Development NY LLC. The property was reportedly 60% leased at the time of sale.
This building is composed of 19,865 square-feet, is two stories tall, and is situated on a corner lot.
The building was built in 1982 and was later renovated in 2018. There is office space located on the second floor of this property.
It was reported that the purchaser plans to invest to reposition the property.
Exterior of 1-17 Windmill Ln, Southampton, NY
3. Lakeville Shopping Center
Address: 2020-2050 Lakeville Rd, New Hyde Park, NY 11040
Sale Date: January 8, 2024
Sale Price: $7,500,000
Price/SF: $293
The LakevilleShopping Center was sold by Skpt Realty Corp to 2020-2050 Plaza Realty LLC. The property was reportedly 100% occupied at the time of sale.
The building consists of 25,600 square-feet and is two stories tall. It was built in 1956 and the property has 120 on-site parking spaces.
The cap rate on this transaction at the time of sale was 6.5%.
This property is located between Union Tpke and Hillside Ave. It is also located a short distance from the Northern State Pkwy and the Cross Island Pkwy.
Exterior of 2020-2050 Lakeville Rd, New Hyde Park, NY
4. Freestanding Retail in Huntington Station, NY
Address: 301 Route 110, Huntington Station, NY 11746
Sale Date: January 30, 2024
Sale Price: $6,300,000
Price/SF: $315
Rock Management sold this freestanding retail building to Wharton Properties. The property was reportedly 25% leased at the time of sale.
The building is composed of 20,000 square-feet and is one story tall. It was built in 1978, has 1 dock ext, and 96 on-site parking spaces.
The property traded at a 7.3% cap rate. A notable tenant to mention at the time of sale was Men’s Wearhouse.
Exterior of 301 Route 110, Huntington Station, NY
5. Bank in Hicksville, NY
Address: 284 N Broadway, Hicksville, NY 11801
Sale Date: January 19, 2024
Sale Price: $4,010,000
Price/SF: $828
JP Morgan Chase & Co sold this bank in Hicksville to David Noor. The property was reportedly vacant at the time of sale.
The bank is composed of 4,845 square-feet and is one story tall.
The building was built in 2001 and the property has 26 on-site parking spaces for the convenience of customers.
This property is located just South of the Northern State Pkwy and the Long Island Expy. It is also located just North of the Broadway Commons shopping mall. The Hicksville LIRR train station is located just over one mile from this property.
Exterior of 284 N Broadway, Hicksville, NY
6. Storefront Retail in Sag Harbor, NY
Address: 120 Main St, Sag Harbor, NY 11963
Sale Date: January 18, 2024
Sale Price: $4,000,000
Price/SF: $1,127
A private entity sold this retail storefront building in Sag Harbor to Sag Harbor Pharmacy Inc. The property was fully-occupied at the time of sale.
The building is composed of 3,550 square-feet and is two stories tall. It was built in 1850 and the building sits on just over 4,400 square-feet of land.
This property is located in the heart of Sag Harbor and is surrounded by various other neighborhood retail and amenities. The Main St/Washington St bus stop is located within walking distance to the property.
Exterior of 120 Main St, Sag Harbor, NY
7. Freestanding Retail in Bay Shore, NY
Address: 1746-1766 Sunrise Hwy, Bay Shore, NY 11706
Sale Date: January 23, 2024
Sale Price: $3,800,000
Price/SF: $253
This freestanding retail strip was sold by Progressive Housing Corp to Freedom Income Properties. The property was reportedly fully-occupied at the time of sale.
The building is composed of 15,000 square-feet and is one story tall. It was built in 1978 and there are 100 on-site parking spaces for the convenience of shoppers.
This property has a wide frontage of 241 ft on Sunrise Hwy. Sunrise Hwy also gets high traffic counts of 98,032 cars per day.
Exterior of 1746-1766 Sunrise Hwy, Bay Shore, NY
8. Storefront Retail/Residential Building in Valley Stream, NY
Address: 101-117 Rockaway Ave, Valley Stream, NY 11580
Sale Date: February 5, 2024
Sale Price: $2,300,000
Price/SF: $230
This retail/residential building in Valley Stream was sold by United Properties Corp. to Maniani Hospitality LLC. The building was fully-occupied at the time of sale.
The building is composed of 10,000 square-feet and is two stories tall. There are five residential apartments on the second floor and five retail stores on the ground floor.
It was built in 1926, has 100 ft of frontage on Rockaway Ave, and 19 on-site parking spaces.
Exterior of 101-117 Rockaway Ave, Valley Stream, NY
9. Service Station in Rockville Centre, NY
Address: 360 Sunrise Hwy, Rockville Centre, NY 11570
Sale Date: February 8, 2024
Sale Price: $2,120,000
Price/SF: $1,160
A private entity sold this service station in Rockville Centre to 360 Sunrise LLC. The property was reportedly vacant at the time of sale.
The building is composed of 1,827 square-feet, is one story tall, and was built in 1969.
The property has 86 ft of frontage on Sunrise Hwy. Sunrise Hwy also receives high traffic counts of 42,009 cars per day.
This property is located within a half-mile from the Rockville Centre LIRR train station.
Exterior of 360 Sunrise Hwy, Rockville Centre, NY
10. Storefront Retail/Office in East Islip, NY
Address: 62-64 W Main St, East Islip, NY 11730
Sale Date: March 18, 2024
Sale Price: $2,000,000
Price/SF: $242
East Islip Partners LLC sold this storefront retail/office building to an undisclosed buyer. The property traded at a 6% cap rate.
The building consists of 8,255 square-feet, is two stories tall, and was built in 1950.
The property has 160 ft of frontage on Main St with one curb cut. Additionally, this building sits on a corner lot.
This property is located near several other neighborhood retail and is a short distance from Sunrise Hwy / the Heckscher State Pkwy.
Exterior of 62-64 W Main St, East Islip, NY
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American Investment Properties (AIP) Inc., was founded by Ron Koenigsberg on July 4th, 2001. AIP specializes in the sale and acquisition of commercial real estate on Long Island. Participating in over $2 billion worth of property sales to date, AIP is a well-known and highly respected name in the Long Island commercial real estate community.
