Shahrokh Abiri Acquires Development Site In Glen Cove, Nassau County For $1.15M

A development site located on Putnam Avenue and Daly Place in Glen Cove, Nassau County has been sold in a closed transaction. The property was listed with an asking price of $1,300,000 and ultimately sold for $1,150,000. The site spans a total of 121,586 square feet and is situated on 2.7 acres of land, resulting in a price per square foot of $10 and a price per acre of $425,925.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,150,000
• Address: Putnam Avenue / Daly Place
• Market: Glen Cove, Nassau County
• Square Footage: 121,586 SF
• Price per Square Foot: $10
• Acres: 2.7
• Price per Acre: $425,925

The seller of the development site was Putnam Developers, represented by Ed Mayourian. The buyer in the transaction was Shahrokh Abiri. The deal was facilitated by broker Stephen R. Preuss, who acted on behalf of the buyer.