Adam Mann's AJM RE Acquires Retail Property In Western Nassau For $1.47M

805 Port Washington Boulevard in Port Washington has been sold in a recent transaction. The property, a 2,376 sq. ft. free-standing bank branch, is situated on a 19,700 sq. ft. lot with 100' of frontage on Port Washington Blvd. The asset was sold for $1,470,000, equating to a price per square foot of $619. The property is ideally located just a quarter-mile from the Port Washington LIRR Station and includes a drive-thru on the north side, presenting an excellent opportunity for repositioning.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,470,000
• Square Footage: 2,376 sq. ft.
• Price per Square Foot: $619
• Address: 805 Port Washington Blvd.
• Market: Western Nassau

In this transaction, JPMorgan Chase sold the property to Adam Mann of AJM RE. The deal was represented by the brokers Daniel Abbondandolo, Rob Cullen, Joegy Raju, Joe Musso, and Victor Little from Cushman & Wakefield.