Long Island Commercial Real Estate Transactions – December 2018

Woman Reading Newspaper - Sold Long Island Commercial Real Estate

As commercial real estate professionals, we must stay updated on the latest trends happening in our market. Here are the latest sold commercial real estate in Long Island, New York for the month of December 2018. Sourcing many details using CoStar.com, view recently sold commercial properties throughout the Long Island market.

Recently Sold Commercial Real Estate

1. South Shore Ambulatory Surgery Center

Property photo of 444 Merrick Rd, Lynbrook, NY 11563

Sale Detail

444 Merrick Rd, Lynbrook, NY 11563
Sale Date: 12/15/18
Sale Price: $48,100,000
Price/SF: $452.05
Pro Forma Cap: 7.00%
Leased at Sale: 100%

Property Details

Building Type: Class B 3 Star Office
Rentable Building Area: 106,403 SF
Number of Stories: 5
Typical Floor Size: 21,280 SF
Year Built: 1962
Land: 1.77 AC
Land SF 77,101 SF

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2. Woodbury Office Portfolio (Total of 6 Properties)

A. Sale Details

Building Photo of 65 Froehlich Farm Blvd, Woodbury, NY 11797

65 Froehlich Farm Blvd, Woodbury, NY 11797

Sale Date: 12/4/18
Sale Price: $7,932,380
Price Per SF: $196.62

Property Detail

Building Type: Class B 3 Star Office
Rentable Building Area: 40,344 SF
Year Built: 1978

B. Sale Details

Property Photo 99 Sunnyside Blvd, Woodbury, NY 11797

99 Sunnyside Blvd, Woodbury, NY 11797

Sale Date: 12/4/2018
Sale Price: $7,894,236
Price Per SF: $196.62

Property Details

Building Type: Class B Star Office
Rentable Building Area: 40,150 SF
Number of Stories: 2
Typical Floor Size: 20,075 SF
Year Built: 1986

C. Sale Details

Photo 95-105 Froehlich Farm Blvd, Woodbury, NY

95-105 Froehlich Farm Blvd, Woodbury, NY 11797
Sale Date: 12/4/18
Sale Price: $6,440,438
Price Per SF: $196.62

Property Details

Building Type: 2 Star Office
Rentable Building Area: 32,756 SF
Number of Stories: 1
Year Built: 1984

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D. Sale Details

Photo 135-75 Froehlich Farm Blvd, Woodbury, NY

135-175 Froehlich Farm Blvd, Woodbury, NY 11797
Sale Date: 12/4/2018
Sale Price: $6,375,357
Price Per SF: $196.62

Property Details

Building Type: 3 Star Office
Gross Leasable Area (GLA): 32,425 SF
Number of Stories: 1
Year Built: 1976

E. Sale Details

800 Woodbury Rd, Woodbury, NY Sold Commercial Real Estate

800 Woodbury Rd, Woodbury, NY 11797
Sale Date: 12/4/18
Sale Price: $6,087,115
Price Per SF: $196.62

Property Details

Building Type: 2 Star Office
Rentable Building Area: 30,959 SF
Number of Stories: 1
Year Built: 1977

F. Sale Details

225 Froehlich Farm Blvd, Woodbury, NY 11797
Sale Date: Dec 4, 2018
Sale Price: $2,670,474
Price Per SF: $196.62

Property Details

Building Type: Class B 3 Star Office
Gross Leasable Area (GLA): 13,582 SF
Number of Stories: 1
Year Built: 1986


3. Freeport NNN Walgreens

Sale Details

89 Henry St, Freeport NY - Henry Plaza NNN Walgreens

89 Henry St, Henry Plaza, Freeport, NY 11520
Sale Date: Dec 10, 2018
Sale Price: $6,000,000
Price Per SF: $431.50

Property Details

Property Type: 3 Star Retail Drug Store (Strip Center)
Gross Leasable Area (GLA): 13,905 SF
Year Built: 1998

Long Island Commercial Real Estate Report Q3 2018


4. Hicksville Industrial Building

Sale Details

101 New South Rd, Hicksville, NY 11801
Sale Date: Dec 18, 2018
Sale Price: $5,150,000
Price Per SF: $135.26

Property Details

Building Type: Class B 3 Star Industrial
Rentable Building Area: 38,075 SF
Year Built: 1959


5. Sea Cliff Office Property

Sale Details

Image Office Building - 211-213 Glen Cove Ave, Sea Cliff, NY 11579

211-213 Glen Cove Ave, Sea Cliff, NY 11579
Sale Date: Dec 21, 2018
Sale Price: $2,500,000
Price Per SF: $208.33
Actual Cap Rate: 7.00%

Property Details

Property Type: Class C 2 Star Office
Rentable Building Area: 12,000 SF
Typical Floor Size: 6,000 SF
Number of Stories: 2
Year Built: 1937

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6. Huntington Mixed-Use Building (Retail/Residential)

Sale Details

7 Green St, Huntington, NY 11743
Sale Date: Dec 3, 2018
Sale Price: $2,450,000
Price Per SF: $256.09

Property Details

Property Type: 2 Star Retail Storefront Retail/Residential
Gross Leasable Area (GLA): 9,567 SF
Number of Stories: 3


7. Center Moriches Freestanding Retail Building

Sale Details

96-122 Railroad Ave, Center Moriches, NY Freestanding Retail Building

96-122 Railroad Ave, Center Moriches, NY 11934
Sale Date: Dec 10, 2018
Sale Price: $2,300,000
Price Per SF: $410.71

Property Details

Building Type: 2 Star Retail Freestanding
Gross Leasable Area (GLA): 5,600 SF
Typical Floor Size: 1,867 SF
Number of Stories: 3
Year Built: 2012


8. Setauket CVS Pharmacy Retail

Sale Details

682 Route 25A, Setauket, NY CVS Pharmacy Retail

682 Route 25A, Setauket, NY 11733
Sale Date: Dec 3, 2018
Sale Price: $1,916,000
Price Per SF: $327.30

Property Details

Building Type: 2 Star Retail Freestanding
Gross Leasable Area (GLA): 5,854 SF
Number of Stories: 1


9. Montauk Retail Property (Restaurant)

Sale Details

778 Montauk Highway, West Islip, NY Restaurant Retail Property

778 Montauk Hwy, West Islip, NY 11795
Sale Date: Dec 4, 2018
Sale Price: $1,700,000
Price Per SF: $309.09

Property Details

Property Type: 3 Star Retail Restaurant
Gross Leasable Area (GLA): 5,500 SF
Typical Floor: 2,750 SF
Number of Stories: 2
Year Built: 1930


10. Great Neck Retail Building

Sale Details

582 Middle Neck Rd, Great Neck, NY Retail Property Photo

582 Middle Neck Rd, Great Neck, NY 11023
Sale Date: Dec 5, 2018
Sale Price: $1,550,000
Price Per SF: $340.81

Property Details

Building Type: 2 Star Retail Storefront
Gross Leasable Area (GLA): 4,548 SF
Year Built: 1985


11. Lindenhurst Industrial Building

Sale Details

910 N Wellwood Ave, Lindenhurst, NY 11757 Industrial Warehouse Photo

910 N Wellwood Ave, Lindenhurst, NY 11757
Sale Date: Dec 10, 2018
Sale Price: $1,480,000
Price Per SF: $133.25

Property Details

Building Type: Class C 2 Star Industrial Warehouse
Rentable Building Area (RBA): 11,107 SF
Year Built: 1971

Information and property images were sourced from CoStar.com.

For your commercial real estate needs contact us today at 516.393.2300.

2019-02-15T06:43:16-07:00December 27th, 2018|Categories: Long Island News, Real Estate News|Tags: , , , |



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