AJM Real Estate & Park-It Acquires Retail Property In Nassau County For $4.55M

The property at 239-249 Plandome Road in Manhasset, Nassau County, was recently sold for $4,550,000. Spanning over 3,002 square feet, the retail asset achieved a price per square foot of $1,516. Situated at the corner of Plandome Road and Manhasset Avenue, the property boasts a strategic location with over 150 feet of frontage. With its prime position near the foot of the Manhasset LIRR Station, the asset offers convenient access to the downtown shopping and business district. Additionally, the property features 50 legal parking spaces, further enhancing its appeal in this bustling area.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $4,550,000
• Address: 239-249 Plandome Road, Manhasset, Nassau County
• Market: Nassau County
• Square Footage: 3,002
• Price Per Square Foot: $1,516

Cushman & Wakefield’s Team Abbondandolo, which includes Daniel Abbondandolo, Joegy Raju, Rob Cullen, Connor Sullivan, Joe Musso, and Victor Little, represented both the buyer and the seller in this successful transaction. Their expertise and industry knowledge played a crucial role in facilitating the deal. For more information about this transaction, please reach out to the team directly.

The potential redevelopment of the site is still uncertain. However, the North Hempstead Board has recently shown support for the Plandome Road sewer project in Manhasset, approving a resolution in favor of it. The project, partially funded by a $5 million grant, aims to provide a modern wastewater treatment system for the area, which could potentially impact the future development plans for this property.