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

Property Image
SOLD
$1,470,000
Joe Musso
Joegy Raju
+ 3

New York

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Retail2,376 SF
Sold 07/08/2022
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Property Image
SOLD

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

805 Port Washington Boulevard, Port Washington, New York 11050, United States

See Similar Deals
Retail2,376 SF
Sold 07/08/2022
Joe Musso
Joegy Raju
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$618
Total Square Footage:2,376 SF
Transaction Type:Sale

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.

Players

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

Joegy Raju
Cushman & Wakefield
43 deals$302.6M volume
BROKER

Rob Cullen
Cushman & Wakefield
17 deals$102.1M volume
BROKER

Joe Musso
Cushman & Wakefield
19 deals$104.4M volume
BROKER

Victor Little
Cushman & Wakefield
29 deals$165.3M volume(631) 425-1239
BROKER


4 deals$21.8M volume
BUYER

J.P. Morgan Chase
SELLER

Details

SOLD
IMAGE: Rob Cullen, Joegy Raju, Daniel Abbondandolo, Joe Musso & Victor Little DATE: 07/08/2022 ADDRESS: 805 Port Washington Blvd. MARKET: Western Nassau ASSET TYPE: Retail BUYER: Adam Mann – AJM RE SELLER: JPMorgan Chase BROKERS: Daniel Abbondandolo (@TeamAbbs), Rob Cullen (@Cullen127), Joegy Raju (@JoegyRaju), Joe Musso (@JMusso_55) & Victor Little (@Victor.R.Little) - Cushman & Wakefield (@CushWake) SALE PRICE: $1,470,000 SF: 2,376 ~ PPSF: $618 NOTE FROM BROKERS: TEAMABBONDANDOLO successfully represented JPMorgan Chase in the disposition of 805 Port Washington Boulevard in Port Washington. The vacant 2,376 sq. ft. free-standing bank branch is situated on a 19,700 sq. ft. lot and boasts 100' of frontage on Port Washington Blvd. The asset traded for $1,470,000, or $619 per sq. ft.. Ideally situated only a 1/4-mile from Port Washington LIRR Station, the lot is improved with a drive-thru on the north side - offering a tremendous repositioning opportunity. For more information about this trade, please reach out to the exclusive brokers directly.

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