McKinley Homes Buys Development Site In Great Neck For $8M

Located at 212 Middle Neck Rd in Great Neck, NY, the property involved in this transaction is a 53,097-square-foot office asset. The sale took place on November 22, 2019, with a closing price of $8,000,000. The market for this property is in Great Neck.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,000,000.00
• Asset Size: 53,097 sq ft
• Address: 212 Middle Neck Rd, Great Neck, NY
• Seller: GN Properties LLC
• Buyer: McKinley Homes
• Seller's Representative: Robert (Rob) Kuppersmith (Cushman & Wakefield)
• Buyer's Representatives: Kelly Koukou and Bradley Diamond (Lee & Associates)

The individuals and companies involved in the deal were Robert Kuppersmith, Daniel Abbondandolo, and Dimitri Mastrogiannis from Cushman & Wakefield representing the seller, GN Properties LLC. On the buyer's side, McKinley Homes was represented by Kelly Koukou and Bradley Diamond of Lee & Associates. The buyer, McKinley Homes, has plans to develop a 40-unit multifamily building on the site, including one-, two-, and three-bedroom units, as well as amenities such as storage, a community laundry room, gym, rooftop lounge, and deck area.