Largest Retail Property Sales on Long Island - Q1 2026

Exterior of 4 Chestnut St, Greenvale, NY

1. Retail Building in Greenvale, NY
Address: 4 Chestnut St, Greenvale, NY 11548
Sale Date: January 8, 2026
Sale Price: $4,000,000
PSF: $2,623

Lalezarian Properties sold this retail building in Greenvale, NY to 32 Glen Cove Road LLC.

The highest-priced sale this quarter was a 1,525-square-foot retail property in Greenvale that traded for $4,000,000, equating to an impressive $2,622 per square foot.

This sale stands out as a clear example of a location-driven acquisition, where pricing was dictated by positioning rather than income. Assets in dense, affluent corridors continue to command premium valuations regardless of size.

Located just off Northern Blvd, this property sits in one of Nassau County’s most affluent corridors, surrounded by boutique retail, service businesses, and national tenants. It also benefits from proximity to the Greenvale LIRR Station, providing direct access into Manhattan.

2. Freestanding Retail in Franklin Square, NY
Address: 675 Hempstead Tpke, Franklin Square, NY 11010
Sale Date: January 12, 2026
Sale Price: $3,750,000
Price/SF: $1,527

Doren Development sold this freestanding retail building in Franklin Square, NY to Hermes Management LLC.

Positioned along Hempstead Turnpike, one of Long Island’s busiest retail corridors, the property is surrounded by quick-service restaurants, auto uses, and neighborhood retail. The site benefits from heavy daily traffic and is a short drive from the Hempstead LIRR Station.

High-exposure corridors like this continue to attract users looking for maximum visibility and accessibility.

Exterior of 675 Hempstead Tpke, Franklin Square, NY

3. Auto Dealership in Great Neck, NY
Address: 195 Northern Blvd, Great Neck, NY 11021
Sale Date: January 27, 2026
Sale Price: $3,150,000
Price/SF: $683

Northern Properties Association sold this auto dealership in Great Neck, NY to an undisclosed buyer. The property was reportedly vacant at the time of sale.

Located directly on Northern Blvd, this property is surrounded by medical offices, restaurants, and national retailers, making it one of the most desirable commercial strips in Nassau County. It is also minutes from the Great Neck LIRR Station.

Despite being vacant, the strength of the corridor and transit access supports continued demand from users and repositioning buyers.

Exterior of 195 Northern Blvd, Great Neck, NY

4. Auto Repair Shop in East Hampton, NY
Address: 199 Fort Pond Rd, East Hampton, NY 11937
Sale Date: February 25, 2026
Sale Price: $2,975,000
Price/SF: $902

Ram Enterprises Irrigation and Turf sold this auto repair shop in East Hampton, NY to an undisclosed buyer.

Located near Montauk Highway, the asset sits within a high-end retail and hospitality market, surrounded by boutique shops, restaurants, and seasonal businesses. It is also within reach of the East Hampton LIRR Station.

In markets like East Hampton, value is driven by lifestyle demand and limited supply, not just income.

Exterior of 199 Fort Pond Rd, East Hampton, NY

5. Auto Dealership in Valley Stream, NY
Address: 395 W Merrick Rd, Valley Stream, NY 11580
Sale Date: January 28, 2026
Sale Price: $2,900,000
Price/SF: $328

MSN Real Estate Management Corp sold this auto dealership in Valley Stream, NY to Premium Property Management LLC.

This property is located along Merrick Road, a dense retail corridor with strip centers, local retailers, and service-oriented businesses. It also benefits from proximity to the Valley Stream LIRR Station, one of the busiest transit hubs in Nassau County.

The combination of foot traffic and commuter access makes this area highly attractive for long-term retail use.

Exterior of 395 W Merrick Rd, Valley Stream, NY

6. Freestanding Retail in Patchogue, NY
Address: 611 Sunrise Hwy W, Patchogue, NY 11772
Sale Date: January 5, 2026
Sale Price: $2,850,000
Price/SF: $285

GEJAC PROPERTIES LLC sold this freestanding retail building in Patchogue, NY to an undisclosed buyer.

Situated along Sunrise Highway, the site is surrounded by big-box retail, car dealerships, and regional service users. It is also near the Patchogue LIRR Station, which has helped fuel the area’s ongoing redevelopment.

Patchogue continues to evolve into a live-work-play hub, driving demand for flexible retail properties.

Exterior of 611 Sunrise Hwy W, Patchogue, NY

7. Freestanding Retail in West Hempstead, NY
Address: 340 Hempstead Tpke, West Hempstead, NY 11552
Sale Date: February 25, 2026
Sale Price: $2,600,000
Price/SF: $1,123

Burger King Company LLC sold their freestanding restaurant to Flagship New York Propco LLC.

Located on Hempstead Turnpike, the property is surrounded by national QSR brands, retail pads, and automotive uses. It also sits near the West Hempstead LIRR Station.

Single-tenant retail in high-traffic corridors continues to appeal to buyers seeking strong underlying real estate fundamentals.

Exterior of 340 Hempstead Tpke, West Hempstead, NY

8. Storefront Retail/Office in Manhasset, NY
Address: 321-331 Plandome Rd, Manhasset, NY 11030
Sale Date: January 16, 2026
Sale Price: $2,559,677
Price/SF: $332

Professional Building of Great Neck Inc sold this storefront retail/office building in Manhasset, NY to 321 Plandome LLC.

Plandome Road is one of the most desirable retail strips on Long Island, supported by high-end retailers, restaurants, and proximity to the Americana Manhasset shopping center. The property is also steps from the Manhasset LIRR Station.

This is a classic example of a transit-oriented, high-income retail corridor commanding long-term demand.

Exterior of 321-331 Plandome Rd, Manhasset, NY

9. Freestanding Retail in Rocky Point, NY
Address: 21 N Country Rd, Rocky Point, NY 11778
Sale Date: January 23, 2026
Sale Price: $2,500,000
Price/SF: $96.15

Beloit Group Inc sold this freestanding flex building in Rocky Point, NY to an undisclosed buyer. The property was vacant at the time of sale and American Investment Properties is proud to mention we represented the seller in this transaction.

Located along a primary east-west artery in Suffolk County, the asset is surrounded by local retail, service businesses, and neighborhood commercial uses. While not directly adjacent to a train station, it relies heavily on vehicular traffic and local population density.

The pricing reflects vacancy and repositioning risk, but also significant upside potential.

Exterior of 21 N Country Rd, Rocky Point, NY

10. Storefront Retail/Office in Great Neck, NY
Address: 251 Northern Blvd, Great Neck, NY 11021
Sale Date: February 19, 2026
Sale Price: $2,500,000
Price/SF: $446

252-01 Realty Corp sold this storefront retail/office building in Great Neck, NY to Two Fifty One Northern LLC.

Also located on Northern Boulevard, this property benefits from the same high-income demographics and dense retail environment as nearby properties. It is just minutes from the Great Neck LIRR Station.

This marks the second sale on this corridor, reinforcing its status as one of Long Island’s most resilient retail locations.