Exterior of 2250 Seamans Neck Rd, Seaford, NY

1. Freestanding Retail Building in Seaford, NY
Address: 2250 Seamans Neck Rd, Seaford, NY 11783
Sale Date: August 19, 2024
Sale Price: $8,000,000
PSF: $565

MetroCapital Holdings, LLC sold this freestanding retail building to Mastermind Real Estate Development Corp. The property was reportedly 100% leased at the time of sale with a NNN CVS as the tenant. It traded at a 6.25% cap rate.

The building is composed of 14,163 square-feet, is one story tall, and was built in 1998. There is ample on-site parking and the pharmacy has drive-thru access.

It was reported that the NNN lease was recently renewed for another 10 years with two 5-year options to extend. 

This property is located just East of the Seaford-Oyster Bay Expy and is on the corner of Seamans Neck Rd and Merrick Rd. Merrick Rd receives a high daily traffic count and the n19 bus line stops in front of the property.

2. Walgreens in Amityville, NY
Address: 275 Broadway, Amityville, NY 11701
Sale Date: July 26, 2024
Sale Price: $4,650,000
Price/SF: $307

A private owner sold this Walgreens in Amityville to 275 Amit LLC. The property was a NNN investment with Walgreens as the tenant at the time of sale. It was reported that the lease expires in April of 2025 and that the property traded at a 8.17% cap rate.

The building is composed of 15,120 square-feet, was built in 2001, and is one story tall. There are 100 on-site parking spaces and the building sits on 2.66 acres of land. 

This property is located within walking distance to the Amityville LIRR train station and is a short distance from Sunrise Hwy. This property is surrounded by various other neighborhood retail such as laundromats, auto repair shops, Dollar Tree, 7-Eleven, Extra Space Storage, and more.

Exterior of 275 Broadway, Amityville, NY

3. Retail Building in Glen Cove, NY
Address: 41 Forest Ave, Glen Cove, NY 11542
Sale Date: September 4, 2024
Sale Price: $3,849,058
Price/SF: $160

Applied Systems Marketing LLC sold this retail building in Glen Cove to 41 FOREST AVE LLC. This property was sold as part of a portfolio.

The building was vacant at the time of sale. The building totals 24,040 square-feet, is three stories tall, was recently built in 2022, and has elevator access.

This property is located close to the Glen Cove Hospital, the North Shore Triangle shopping mall, and is a short distance from the Glen Cove LIRR train station.

Exterior of 41 Forest Ave, Glen Cove, NY

4. Bowling Alley in Patchogue, NY
Address: 138 West Ave, Patchogue, NY 11772
Sale Date: August 23, 2024
Sale Price: $3,800,000
Price/SF: $128

IRA Miller Agency sold this bowling alley in Patchogue to AVGI. The property was reportedly vacant at the time of sale. With the proper zoning, there are currently plans in place to tear down the property and redevelop the site into hospitality. 

The building consists of 29,608 square-feet, is one story tall, and the property has 80 on-site parking spaces. The land consists of 2.20 acres and the building has over 360 ft of frontage on West Ave. 

This property is located within walking distance to the Patchogue train station and is located South of Montauk Hwy.

Exterior of 138 West Ave, Patchogue, NY

5. Storefront Retail/Office in Great Neck, NY
Address: 11-19 Northern Blvd, Great Neck, NY 11021
Sale Date: August 16, 2024
Sale Price: $3,050,000
Price/SF: $184

Emerald Creek Capital sold this retail storefront building to SDK Realty LLC. It was reported that the property was vacant at the time of sale. Forever Together, a bridal services company, was a previous tenant but the store closed during the pandemic.

The building consists of 16,545 square-feet, is two stories tall, has elevator access, and 100 ft of frontage on Northern Blvd.

This property is located about a half-mile from the Little Neck train station and is surrounded by various other neighborhood retail.

Exterior of 11-19 Northern Blvd, Great Neck, NY

6. Storefront Retail/Office Building in Lynbrook, NY
Address: 410-434 Sunrise Hwy, Lynbrook, NY 11563
Sale Date: July 11, 2024
Sale Price: $2,000,000
Price/SF: $392

Christopher Biancaniello sold this retail storefront building to Monopoly Investments. The building was reportedly 85% leased at the time of sale. It was also reported that the buyer purchased this property at a below market price due to the vacancies.

The building is composed of 5,096 square-feet, is one story tall, and was built in 1950. There is 88 ft of frontage on Sunrise Hwy which receives high traffic counts of 48,968 cars per day. 

This property is located close to the Lynbrook LIRR train station and is surrounded by various other neighborhood retail spaces.

Exterior of 410-434 Sunrise Hwy, Lynbrook, NY

7. Dairy Barn in Freeport, NY
Address: 177 Atlantic Ave, Freeport, NY 11520
Sale Date: August 29, 2024
Sale Price: $1,966,407
Price/SF: $1,485

Clearview Development of NY, LLC sold this Dairy Barn in Freeport to Ready Coffee. The property was sold as part of a 10 retail property portfolio.

The convenience store is composed of 1,324 square-feet, is one story tall, and was built in 1960.

This property is surrounded by various neighborhood retail and is in close proximity to Merrick Rd, Main St, and Sunrise Hwy.

Exterior of 177 Atlantic Ave, Freeport, NY

8. Dairy Barn in Hewlett, NY
Address: 1600 Broadway, Hewlett, NY 11557
Sale Date: August 29, 2024
Sale Price: $1,891,575
Price/SF: $1,409

Clearview Development of NY, LLC sold this Dairy Barn in Hewlett to Ready Coffee. The property was sold as part of a 10 retail property portfolio.

The convenience store is composed of 1,342 square-feet, is one story tall, and was built in 1960.

There is 110 ft of frontage on Broadway and 80 ft of frontage on Stevenson Rd. This property is located close to Peninsula Blvd and the n31 and n32 bus lines stop in front of the property.

Exterior of 1600 Broadway, Hewlett, NY

9. Retail Building in Oceanside, NY
Address: 2816 Long Beach Rd, Oceanside, NY 11572
Sale Date: July 16, 2024
Sale Price: $1,600,000
Price/SF: $213

2816 Long Beach Rd Owners LLC sold this retail building in Oceanside to Kidstrong. The building was reportedly vacant at the time of sale. 

The building consists of 7,500 square-feet, is two stories tall, and was built in 1962.This property is surrounded by various neighborhood retail in Oceanside, NY. There is a public parking lot located behind the building for the convenience of shoppers. This property is located within a short distance to Merrick Rd and Sunrise Hwy. Long Beach Rd receives high traffic counts of 34,833 cars per day.

Exterior of 2816 Long Beach Rd, Oceanside, NY

 10. Retail Storefront in Smithtown, NY
Address: 377 Veterans Hwy, Smithtown, NY 11787
Sale Date: July 9, 2024
Sale Price: $1,515,000
Price/SF: $1,013

A private seller sold this storefront retail building in Smithtown, NY to an undisclosed buyer. 

The building consists of 1,495 square-feet, is one story tall, and was built in 1970.Veterans Hwy in Smithtown receives high traffic counts of 23,069 cars per day. There is a bus stop in front of the property located at Vets Hwy/Wyandanch Blvd. This property is also located in close proximity to the Northern State Pkwy and the Sunken Meadow State Pkwy.

Exterior of 377 Veterans Hwy, Smithtown, 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.