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66 Bayview Ave Manhasset, N...

Cushman & Wakefield Brokers Sell Freestanding Retail Property In Manhasset For $2.2M
SOLDRetail

Cushman & Wakefield Brokers Sell Freestanding Retail Property In Manhasset For $2.2M

66 Bayview Ave Manhasset, NY 11030, USA

$2,200,000

$633/SF

Building Size

3,475 SF

Asset Type

Retail

Closing

Jul 17, 2023

AI

Located in Manhasset, the property at 66 Bayview Avenue is a 3,475 square feet freestanding retail space. Recently sold for $2,200,000, the property boasts a price per square foot of $633. Situated on a large 37,897 square feet lot, this retail property has been a banking institution for over 60 years and serves as a staple in the Manhasset community. Conveniently located just two blocks away from Plandome Road and a 4-minute walk from LIRR - Manhasset Station, the property enjoys a prime location.

Summary of transaction details

Congratulations to Connor Sullivan, the Director of Team Abbondandolo, on the successful transaction of 66 Bayview Avenue. This deal was made possible with the assistance of Daniel Abbondandolo and Connor Sullivan from Cushman & Wakefield. For more information about this transaction, please reach out to Connor Sullivan directly at 631-425-1235 or via email at [email protected].

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$509.6M

vol

84 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93