Updated Aug 12, 2026
HF 777 Middle Neck LLC Acquires Development Site At 777 Middle Neck Road For $7.5M
777 Middle Neck Road
$7,500,000
$495/SF
Building Size
15,150 SF
Asset Type
Development Site
Closing
Jan 6, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 777 Middle Neck Road in Great Neck. The site was sold for $7,500,000 and spans 15,150 square feet, translating to a price per square foot of $495.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,500,000
- Address: 777 Middle Neck Road
- Market: Great Neck
- Square Footage: 15,150
- Price Per Square Foot: $495
- Buyer: HF 777 Middle Neck LLC - Michael Hakimin
- Seller: JingSong Yang
- Broker: Lin Pan - Lin Pan Realty Group
The deal featured key individuals including the buyer, Michael Hakimin, who represents HF 777 Middle Neck LLC, and the seller, JingSong Yang. The transaction was facilitated by broker Lin Pan of Lin Pan Realty Group, who played a crucial role in connecting the buyer and seller.
Players
Great Neck Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93