Aaron Daniels, Adam Daniels & Abe Daniels Acquire Retail Asset In Wheatley Heights For $4.45M

This retail asset located at 44 Colonial Springs Road in Wheatley Heights was sold for $4,450,000. The property spans 30,000 square feet, which equates to a price per square foot of $148. This shopping center offers opportunities for value enhancement through potential facade reconfiguration and improved parking lot layouts.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,450,000
• Address: 44 Colonial Springs Road
• Market: Wheatley Heights
• Square Footage: 30,000
• Price per Square Foot: $148
• Buyer: Aaron Daniels, Adam Daniels & Abe Daniels
• Broker: Clem Coté - Sovereign Realty Group

The broker, Clem Coté of Sovereign Realty Group, played a crucial role in this transaction, advocating for both buyer and seller despite previous challenges faced by the property. The diligence in negotiating and assessing the buyer's past projects underscored the strategic consulting that Sovereign provided, leading to a successful outcome for all parties involved.