Meiru Li Acquires Retail Property In Southern Nassau For $1.8M

Located at 65 Atlantic Ave, this retail property in Southern Nassau recently changed hands in a closed transaction. Measuring 3,000 square feet, the property was sold for a total price of $1,800,000, resulting in a price per square foot of $600. The sale was facilitated by broker Thomas Bigansky from North Village Realty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,800,000
• Address: 65 Atlantic Ave
• Market: Southern Nassau

Meiru Li acted as the buyer in this transaction, while Simon Field served as the seller. Thomas Bigansky, representing North Village Realty, played a crucial role as the broker in closing the deal. It's worth noting that the property traded at a 5% cap rate and came with slightly over 2 years remaining on the corporate guaranteed lease from 7-Eleven. For any property valuation inquiries, please reach out to Thomas Bigansky at [email protected].