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Kimco Realty Corp Acquires Retail Portfolio In Great Neck, Massapequa, Greenvale, Syosset, Woodbury & West Islip For $375.8M

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SOLD
$375,800,000

New York

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Retail540 SF
Sold 10/11/2022
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SOLD

Kimco Realty Corp Acquires Retail Portfolio In Great Neck, Massapequa, Greenvale, Syosset, Woodbury & West Islip For $375.8M

320 East Shore Road, Great Neck, New York 11023, United States

See Similar Deals
Retail540 SF
Sold 10/11/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$695,925
Total Square Footage:540 SF
Transaction Type:Sale

Kimco Realty Corp, represented by Conor Flynn, has recently closed a retail property transaction in Great Neck, Massapequa, Greenvale, Syosset, Woodbury, and West Islip. The property, located at 320 East Shore Road, 4900 Merrick Road, 90 Northern Blvd, 103 Jackson Ave, 8063, 8101, and 8285 Jericho Turnpike, as well as 420-460 Montauk Hwy, was sold for a total price of $375,800,000. The retail asset spans a total area of 540,000 square feet, resulting in a price per square foot of $696.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $375,800,000
  • Address: 320 East Shore Road, 4900 Merrick Road, 90 Northern Blvd, 103 Jackson Ave, 8063, 8101 & 8285 Jericho Turnpike & 420-460 Montauk Hwy
  • Market: Great Neck, Massapequa, Greenvale, Syosset, Woodbury & West Islip
  • Buyer: Kimco Realty Corp (Represented by Conor Flynn)

This transaction brings together Kimco Realty Corp and Conor Flynn, representing the buyer. The deal showcases the strong presence of Kimco Realty Corp in the retail market, with their acquisition of a significant retail property portfolio in various locations across Great Neck, Massapequa, Greenvale, Syosset, Woodbury, and West Islip.

Players

Conor Flynn
10 deals$741.1M volume
BUYER

Details

SOLD
IMAGE: Conor Flynn DATE: 11/10/2022 ADDRESS: 320 East Shore Road, 4900 Merrick Road, 90 Northern Blvd, 103 Jackson Ave, 8063, 8101 & 8285 Jericho Turnpike & 420-460 Montauk Hwy MARKET: Great Neck, Massapequa, Greenvale, Syosset, Woodbury & West Islip ASSET TYPE: Retail BUYER: Kimco Realty Corp (@KimcoRealty) - Conor Flynn SALE PRICE: $375,800,000 SF: 540,000 ~ PPSF: $696

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Debt Service Coverage Ratio (DSCR)

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