Cushman & Wakefield Sells Manhasset Medical Office Building For $3.7M
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This Office property located in NY was sold for $3,700,000 almost 2 years ago. The brokers of the deal were Victor Little, Joe Musso, Rob Cullen, Joegy Raju, and Daniel Abbondandolo
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- Location446-450 Plandome Road, Manhasset, New York 11030, United States
- Sale Price$3,700,000$446 PPSF
- Area8,284 SF
- Asset TypeOffice
- Parties5 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Daniel Abbondandolo & Rob Cullen
DATE: 05/25/2022
ADDRESS: 446-450 Plandome Rd.
MARKET: Western Nassau
ASSET TYPE: Office
SELLER: Dr. Michael Errico
BROKERS: Daniel Abbondandolo (@TeamAbbs), Rob Cullen (@Cullen127), Joegy Raju (@JoegyRaju), Joe Musso (@JMusso_55) & Victor Little (@Victor.R.Little) - Cushman & Wakefield (@CushWake)
SALE PRICE: $3,700,000
SF: 8,284 ~ PPSF: $446
CAP RATE: 6.23%
NOTE FROM @CushWake: TEAMABBONDANDOLO successfully represented the seller in the disposition of 446-450 Plandome Road, Manhasset, NY. The asset is a fully occupied 8,284 SF medical office building situated on a 19,889 SF lot that is improved by 30 private parking spaces. The building traded hands for $3,700,000, or $447 per square foot at a 6.23% cap rate. The sale was driven by investment stability coupled with phenomenal location on Plandome Road, a simple 5-minute walk / 2-minute drive to Manhasset LIRR station.
Brought to Market Mid-March and Closed May 25!
For more information about the sale, contact: [email protected]
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446-450 Plandome Road
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