Largest Retail Property Sales on Long Island

Exterior of 1550 Old Country Rd, Riverhead, NY

1. Riverhead Centre
Address: 1550 Old Country Rd, Riverhead, NY
Sale Date: April 24, 2023
Sale Price: $23,918,398
Price/SF: $187

The Riverhead Centre was sold as part of a nine-property portfolio. The seller was AFL-CIO Building Investment Trust and the buyer was Prestige Properties & Development Company, Inc.

The shopping center has anchor tenants of Home Depot and ShopRite. The building totals roughly 136,000 square-feet and the property provides 721 on-site parking spaces. This property boasts over 500 ft of frontage on Old Country Rd.

2. Riverhead Centre
Address: 1440 Old Country Rd, Riverhead, NY
Sale Date: April 24, 2023
Sale Price: $18,929,547
Price/SF: $187

The Riverhead Centre was sold as part of a nine-property portfolio. The seller was AFL-CIO Building Investment Trust and the buyer was Prestige Properties & Development Company, Inc.

This building contains over 107,700 square-feet and is one story tall. It is considered to be a Class A building and was built in 2003. There are 541 on-site parking spaces for the convenience of shoppers.

Exterior of 1440 Old Country Rd, Riverhead, NY

3. Riverhead Centre
Address: 1510-1550 Old Country Rd, Riverhead, NY
Sale Date: April 24, 2023
Sale Price: $13,960,908
Price/SF: $187

The Riverhead Centre was sold as part of a nine-property portfolio. The seller was AFL-CIO Building Investment Trust and the buyer was Prestige Properties & Development Company, Inc.

This building has 79,436 square feet of space and 486 ft of frontage on Old Country Rd. There are 627 on-site parking spaces.

Exterior of 1510-1550 Old Country Rd, Riverhead, NY

4. Auto Repair Shop in Floral Park, NY
Address: 249-24 Jericho Tpke, Floral Park, NY
Sale Date: May 25, 2023
Sale Price: $9,000,000
Price/SF: $1,395

Smoke-N-Coffee Realty Inc sold this auto repair shop to Bellerose CW RE LLC. At this location is a 6,450 square-foot retail auto repair building that was built in 1926.

The building is one story tall, has 209 ft of frontage on Jericho Tpke, and has 60 on-site parking spaces. Jericho Tpke experiences high traffic counts of roughly 38,230 cars per day.

Exterior of 249-24 Jericho Tpke, Floral Park, NY

5. Freestanding Retail Building in Oceanside, NY
Address: 3200 Long Beach Rd, Oceanside, NY
Sale Date: May 15, 2023
Sale Price: $4,750,000
Price/SF: $413

421 Broadway Lb2 Holding LLC sold this property to TJC Operations Inc. The property contains a freestanding retail building totaling 11,500 square feet. It was built in 1960 and is one story tall.

The property has 156 ft of frontage on Lawrence Ave and 62 ft of frontage on Long Beach Rd. There are 24 on-site parking spaces and Long Beach Rd experiences high traffic counts of 32,618 cars per day. The property is surrounded by several other retail spaces in Oceanside such as Burger King, TJ Maxx, Rite Aid, Chipotle, and more.

Exterior of 3200 Long Beach Rd, Oceanside, NY

6. Freestanding Retail Building in Calverton, NY
Address: 1500 Old Country Rd, Calverton, NY
Sale Date: April 24, 2023
Sale Price: $3,778,282
Price/SF: $187

The Riverhead Centre was sold as part of a nine-property portfolio. The seller was AFL-CIO Building Investment Trust and the buyer was Prestige Properties & Development Company, Inc.

This building consists of 21,498 square-feet and is one story tall. This building has 160 ft of frontage on Old Country Rd and the property provides 237 on-site parking spaces.

Exterior of 1500 Old Country Rd, Calverton, NY

7. Retail in Syosset, NY
Address: 220 Jericho Tpke, Syosset, NY
Sale Date: May 1, 2023
Sale Price: $3,500,000
Price/SF: $700

220 Jericho IHOP LLC sold this retail building to 220 Jericho Tpke Realty LLC.

At this location is a 5,000 square foot retail building that is one story tall. The building was built in 1949 and is considered to be a Class B building. There are 32 on-site parking spaces. It is unknown what the occupancy was at the time of sale.

This property is surrounded by several other retail on Jericho Tpke such as Wendy’s, AMF Syosset Lanes Bowling Alley, Tire & Auto Repair Shop, and more.

Exterior of 220 Jericho Tpke, Syosset, NY

8. Auto Repair Shop in Riverhead, NY
Address: 1471 Pulaski St, Riverhead, NY
Sale Date: May 14, 2023
Sale Price: $3,200,000
Price/SF: $376

Luther LLC sold this auto repair shop to 1471 Pulaski Street LLC. This auto repair shop was vacant at the time of sale.

The building is composed of 8,500 square-feet and is one story tall. There is one dock ext and the property has 125 ft of frontage on Pulaski St. There is also 25 on-site parking spaces.

Exterior of 1471 Pulaski St, Riverhead, NY

9. Retail Storefront in East Hampton, NY
Address: 26 Park Pl, East Hampton, NY
Sale Date: April 26, 2023
Sale Price: $3,150,000
Price/SF: $2,100

Ehv Park Place LLC sold this property to and unknown buyer. The building is considered to be a retail/office storefront building.

The building is composed of 1,500 square-feet and was built in 1987. It has two stories and is reportedly made up of 1,438 square feet of retail space and 1,438 square-feet of office space.

Exterior of 26 Park Pl, East Hampton, NY

10. Retail Bank in Riverhead, NY
Address: 1430 Old Country Rd, Riverhead, NY
Sale Date: April 24, 2023
Sale Price: $2,766,428
Price/SF: $187

This retail bank located within the Riverhead Centre was sold as part of a nine-property portfolio. The seller was AFL-CIO Building Investment Trust and the buyer was Prestige Properties & Development Company, Inc.

This bank is composed of 6,200 square-feet and is one story tall. It was built in 2006 and is considered a Class B building. It has 93 ft of frontage on Old Country Rd and provides 109 on-site parking spaces for the convenience of its customers.

Exterior of 1430 Old Country Rd, Riverhead, NY

Buying or Selling a Commercial Property on Long Island?

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.