Plainview, NY 11803
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PLAINVIEW, NY, September 18 – Linshore LLC has acquired a 7,000 sq ft strip center property at 6-16 W Columbia St, Hempstead, NY for $1,600,000 8% CAP from 142 N Franklin Street LLC.
The property is located on the southeast corner of Franklin Ave and Columbia St and is less than a half mile from the Hempstead LIRR train station. The majority of the tenants have been operating between five and twelve years, with two operating in excess of fifteen years in the same location.
Anthony Ciafardoni, Executive Vice President of Silber Investment Properties represented the buyer. Amanda Gordon, Vice President of Investment Sales of Silber Investment Properties represented the seller.
ABOUT SILBER INVESTMENT PROPERTIES
Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.