The property involved in this transaction is a development site at 55 Mineola Boulevard in Mineola. It spans 0.64 acres and has an approval for over 190,000 buildable square feet designated for residential use and community event space. The location is strategically placed opposite the Mineola Long Island Rail Road (LIRR) station, enhancing its appeal for transit-oriented development. The existing structures, including a two-story, 2,500-square-foot office building and a small taxi stand, will be replaced by luxury residential units along with a multi-functional event space and various high-end amenities such as underground parking, a fitness center, rooftop pool and lounge area, tenant lounges, and storage space on each floor.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Address: 55 Mineola Boulevard
• Market: Mineola
• Buildable Square Feet: 191,655
• Broker: Daniel Abbondandolo
• Broker Agency: Cushman & Wakefield

Daniel Abbondandolo of Cushman & Wakefield represented the sale of this development site. The successful transaction was announced by the Long Island Investment Sales Team at Cushman & Wakefield, highlighting their role in facilitating this project which includes significant residential and community-oriented features. The project, referred to as The Bridge, aims to enhance the downtown area through its comprehensive development plan.