JPMorgan Chase Sells Retail Property In Brentwood For $1.5M

Cushman & Wakefield’s Long Island Investment Sales Team successfully represented JPMorgan Chase in the sale of a free-standing retail asset located at 1800 Brentwood Road, Brentwood, NY. The property, situated on a 19,482-square-foot lot, features a 2,697-square-foot vacant bank branch with 21 surface parking spaces and two drive-through lanes. With approximately 200 feet of frontage on Brentwood Road, the property offers excellent visibility and exposure in a heavily trafficked area. The asset was sold for $1,475,000 ($547 per square foot).

Summary of transaction details

• Property Type: Retail
• Sale Price: $1,475,000
• Square Footage: 2,697
• Price Per Square Foot (PPSF): $547
• Address: 1800 Brentwood Road, Brentwood, NY
• Market: Brentwood

The buyer in this transaction was Miguel Garzon, and the seller was JPMorgan Chase. Daniel Abbondandolo and Joe Musso from Cushman & Wakefield served as the brokers representing both parties.

For more information on this transaction, please reach out to the exclusive brokers directly: Daniel Abbondandolo, Executive Director of Capital Markets, at 516-375-6336 or [email protected].