Exterior of 198-250 Route 25A, East Setauket, NY

1. West Shopping Center
Address: 198-250 Route 25A, East Setauket, NY 11733
Sale Date: April 24, 2024
Sale Price: $17,250,000
PSF: $413

Dinoffer & Tobias sold the West Shopping Center located in East Setauket to Brixmor West Center LLC. The purchaser also owns the Three Village Shopping center which is located adjacent to this shopping center. 

This property traded at a 7.2% cap rate. The building consists of 41,720 square-feet, is one story tall, and was built in 1963. 

The building has 450 ft of frontage on Route 25A with two curb cuts. There are 194 on-site parking spaces for the convenience of shoppers. There is a bus stop located in front of the property on Route 25A and the Stony Brook train station is located a mile and a half away.

2. East Meadow Commons
Address: 2575 Hempstead Tpke, East Meadow, NY 11554
Sale Date: April 12, 2024
Sale Price: $8,000,000
Price/SF: $260

Nassimi Realty LLC sold the East Meadow Commons to Terrinaz Enterprises LLC. The building was reportedly fully-occupied at the time of sale and traded at a 6.54% cap rate.

The building has four retail units and is composed of 30,725 square-feet. It is one story tall, was built in 1956, and was later renovated in 2008. There are 140 on-site parking spaces for the convenience of customers. 

This property is located between Newbridge Rd and the Wantagh State Pkwy. Hempstead Tpke receives a high daily traffic count of approximately 54,000 cars per day.

Exterior of 2575 Hempstead Tpke, East Meadow, NY

3. Storefront Retail in Garden City, NY
Address: 118-120 7th St, Garden City, NY 11530
Sale Date: April 9, 2024
Sale Price: $7,850,000
Price/SF: $441

Sovereign Realty Associates sold this storefront retail building to Irmvo Realty LLC. 

This retail storefront building consists of 17,800 square-feet, is two stories tall, and was built in 1962. The property has 57 ft of frontage on 7th St.

There is a public parking lot located behind the building and this property is located within walking distance to the Garden City train station.

Exterior of 118-120 7th St, Garden City, NY

4. TD Bank in Rockville Centre, NY
Address: 290-296 Merrick Rd, Rockville Centre, NY 11570
Sale Date: May 24, 2024
Sale Price: $7,650,000
Price/SF: $1,977

TD Bank Group sold the TD Bank located on Merrick Rd in Rockville Centre to an undisclosed buyer. The property reportedly traded at a 5.33% cap rate.

The building consists of 3,869 square-feet, is one story tall, and was built in 1951. There is 84 ft of frontage on Merrick Rd and the property is located within walking distance to the Rockville Centre LIRR train station.

This property is situated in the heart of Rockville Centre with various other neighborhood retail and amenities surrounding it. There is a public parking lot located behind the building as well as another public parking lot located North of Merrick Rd.

Exterior of  290-296 Merrick Rd, Rockville Centre, NY

5. NNN Chase Bank in Great Neck, NY
Address: 410 Northern Blvd, Great Neck, NY 11021
Sale Date: May 23, 2024
Sale Price: $7,272,727
Price/SF: $1,558

JULESABEL LLC sold this NNN Chase bank to an undisclosed buyer. The property reportedly traded at a 5% cap rate.

The bank consists of 4,666 square-feet, is one story tall, and was built in 1963. The building has 80 ft of frontage on Northern Blvd with two curb cuts and there are 27 on-site parking spaces available for customers. 

Northern Blvd receives high traffic counts of approximately 34,000 cars per day. This property is located under 1 mile from the Great Neck train station which is located in the heart of the town.

Exterior of 410 Northern Blvd, Great Neck, NY

6. Retail Building in Syosset, NY
Address: 390 Jericho Tpke, Syosset, NY 11791
Sale Date: May 3, 2024
Sale Price: $5,200,000
Price/SF: $889

Apple Bank sold this retail building to Gurpreet Singh Kalra. The property traded at a 6.33% cap rate and was reportedly fully-occupied at the time of sale.

The building consists of 5,850 square-feet, is one story tall, and was built in 1972. The property has 158 ft of frontage on Jericho Tpke which receives high traffic counts of 36,586 cars per day. 

This property is situated on the corner of a signalized intersection at Jericho Tpke and S Oyster Bay Rd. The Seaford-Oyster Bay Expy is located a very short distance away.

Exterior of 390 Jericho Tpke, Syosset, NY

7. Storefront Retail Building in Bellmore, NY
Address: 2154 Newbridge Rd, Bellmore, NY 11710
Sale Date: April 15, 2024
Sale Price: $2,800,000
Price/SF: $194

This retail storefront building in Bellmore was sold by LEWIS & ORNA JASSEY to 2154 Newbridge LLC. The property was reportedly fully-occupied at the time of sale.

The building consists of 14,400 square-feet and is one story tall. It was built in 1965, has 126 ft of frontage on Newbridge Rd with one curb cut, and has 35 on-site parking spaces.

This property is located North of Sunrise Hwy and is a short distance from the Bellmore LIRR train station.

Exterior of 2154 Newbridge Rd, Bellmore, NY

8. Restaurant in Islip, NY
Address: 496 Main St, Islip, NY 11751
Sale Date: May 31, 2024
Sale Price: $2,200,000
Price/SF: $275

Ichiban Li Inc sold this restaurant in Islip, NY to Todo Tiza Custom Upholstery Inc. The property was reportedly fully-occupied at the time of sale and traded at a 5.86% cap rate.

The building consists of 7,990 square-feet, is two stories tall, and was built in 1935. It has 54 ft of frontage on Main St and 9 on-site parking spaces.

Bus line number 2 makes frequent stops along Main St and this property is located a short distance away from the Islip train station.

Exterior of 496 Main St, Islip, NY

9. Freestanding Retail Building in Riverhead, NY
Address: 1105-1111 Old Country Rd, Riverhead, NY 11901
Sale Date: April 19, 2024
Sale Price: $2,200,000
Price/SF: $236

Riverhead Plaza LLC sold this freestanding retail building to an undisclosed buyer. The property was reportedly 25% leased at the time of sale.

The building consists of 9,300 square-feet, is one story tall, and was built in 1983. The property has 136 ft of frontage on Old Country Rd and there are 45 on-site parking spaces.

This property is surrounded by various other neighborhood retail such as TJ Maxx, Target,  the Roanoke Plaza, Subway, Staples, Wendy’s, and so much more.

Exterior of 1105-1111 Old Country Rd, Riverhead, NY

 10. Restaurant in Freeport, NY
Address: 340 Woodcleft Ave, Freeport, NY 11520
Sale Date: June 12, 2024
Sale Price: $1,975,000
Price/SF: $382

The purchaser and seller information of this transaction is currently undisclosed. The property reportedly was traded at a 5.75% cap rate.

This restaurant consists of 5,173 square-feet, is two stories tall, and was built in 1946. It has 240 ft of frontage on Woodcleft Ave and also has 30 on-site parking spaces.

This property is situated on the Nautical Mile which is a popular area in Freeport that has various restaurants and shops along the water.

Exterior of 340 Woodcleft Ave, Freeport, 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.