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

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SOLD
$2,200,000

New York

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Retail3,475 SF
Sold 07/17/2023
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Property Image
SOLD

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

66 Bayview Ave Manhasset, NY 11030, USA

See Similar Deals
Retail3,475 SF
Sold 07/17/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$633
Total Square Footage:3,475 SF
Transaction Type:Sale

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
84 deals$509.6M volume(631) 425-1232
BROKER

Connor Sullivan
Cushman & Wakefield
9 deals$35.1M volume
BROKER

Details

SOLD
IMAGE: Daniel Abbondandolo & Connor Sullivan DATE: 07/17/2023 ADDRESS: 66 Bayview Avenue MARKET: Manhasset ASSET TYPE: Retail BROKERS: Daniel Abbondandolo & Connor Sullivan - Cushman & Wakefield SALE PRICE: $2,200,000 SF: 3,475 ~ PPSF: $633 NOTE FROM BROKER: Congrats to Team Abbondandolo’s Connor Sullivan on the disposition of 66 Bayview Avenue, Manhasset! The 3,475 SF freestanding retail property traded hands for $2,200,000, or $633 / SF. Situated on a 37,897 SF lot, the property is conveniently located 2 blocks away from Plandome Road and a 4-minute walk from LIRR – Manhasset Station. 66 Bayview has been a banking institution for more than 60 years and is a staple in the Manhasset community. For more information about this transaction, please reach out to the team directly. Connor Sullivan | Director P: 631-425-1235 | E: [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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