M. Barrett Enterprises Acquires Package Deal In Nassau County For $3.75M

Two commercial properties located at 210 Mineola Blvd. and 77 Lincoln Ave. in Nassau County, NY were recently sold in a package deal for a total price of $3,749,782. The buyer, M. Barrett Enterprises represented by Michael Barrett, acquired the properties from the sellers, North Minny Realty and North Rock Realty. The sale was facilitated by brokers Michael Gronenthal and Michael Murphy of Douglas Elliman. The properties span a combined total of 5,716 square feet, resulting in a price per square foot of $656. Both properties were strategically located in close proximity to Mount Sinai South Nassau Hospital and NYU Langone Hospital Long Island.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $3,749,782
• Date: 03/24/2022
• Market: Nassau County
• Buyer: M. Barrett Enterprises - Michael Barrett
• Seller: North Minny Realty & North Rock Realty
• Brokers: Michael Gronenthal & Michael Murphy - Douglas Elliman
• Address: 210 Mineola Blvd. & 77 Lincoln Ave.
• Square Footage: 5,716
• Price per Square Foot: $656

This off-market deal consisted of a triple net leased portfolio that was occupied by Northwell Health. For similar off-market investment or 1031 opportunities in Long Island, interested parties can contact Michael Gronenthal at [email protected] or Michael Murphy at [email protected].