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Richard Zheng Acquires Mixed-Use Property In Great Neck For $2.15M

Property Image
SOLD
$2,150,000

New York

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Mixed-use4,960 SF
Sold 03/14/2023
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Property Image
SOLD

Richard Zheng Acquires Mixed-Use Property In Great Neck For $2.15M

400 Northern Boulevard

See Similar Deals
Mixed-use4,960 SF
Sold 03/14/2023
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$433
Total Square Footage:4,960 SF
Transaction Type:Sale

The mixed-use property located at 400 Northern Boulevard in Great Neck has been sold in a recent transaction. The property, consisting of a two-story building, traded hands for a sale price of $2,150,000. Spanning a total area of 4,960 square feet, the property is priced at approximately $433 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $2,150,000
  • Address: 400 Northern Boulevard, Great Neck
  • Market: Great Neck

The buyer in this transaction was Richard Zheng, while the seller was Keyin Choi. The deal was facilitated by the brokerage firm Cushman & Wakefield, with Daniel Abbondandolo and Joe Musso representing both the buyer and seller in the transaction.

Zoned as Business - A (B-A), the property features two retail units on the ground floor and a vacant office unit on the second floor, spanning 1,860 square feet. This offers an immediate owner-user opportunity for potential buyers.

Cushman & Wakefield's TEAMABBONDANDOLO successfully represented the seller in the sale of 400 Northern Boulevard. For more information about this transaction, please contact the team directly:

  • TEAMABBONDANDOLO - Capital Markets & Investment Sales
  • Daniel Abbondandolo | Executive Director
  • Phone: 516-375-6336
  • Email: [email protected]

Players

Daniel Abbondandolo
84 deals$509.6M volume(631) 425-1232
BROKER

Joe Musso
Cushman & Wakefield
19 deals$104.4M volume
BROKER

Details

SOLD
IMAGE: Daniel Abbondandolo & Joe Musso DATE: 03/14/2023 ADDRESS: 400 Northern Boulevard MARKET: Great Neck ASSET TYPE: Mixed-Use BUYER: Richard Zheng SELLER: Keyin Choi BROKERS: Daniel Abbondandolo (@TeamAbbondandolo) & Joe Musso (@JoeMusso) - Cushman & Wakefield (@CushWake) SALE PRICE: $2,150,000 SF: 4,960 ~ PPSF: $433 NOTE FROM BROKER: Cushman & Wakefield’s TEAMABBONDANDOLO successfully represented the seller in the disposition of 400 Northern Boulevard in Great Neck. The asset traded hands for $1,250,000 | $433 / SF. Zoned Business - A (B-A), the building is comprised of 2 retail units on the ground floor and a 1,860 sq. ft. vacant office unit on the second floor, presenting an immediate owner-user opportunity upon sale. For more information about this transaction, please reach out to the team directly. TEAMABBONDANDOLO - Capital Markets & Investment Sales Daniel Abbondandolo | Executive Director P: 516-375-6336 | E: [email protected] &Wakefield

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