Plainview, NY 11803
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PLAINVIEW, NY, November 27 – A five store retail center located just steps away from the bustling Woodside Long Island Railroad train station and 7 train subway stop at 61st Street on Roosevelt Ave sells for $5,700,000. This transaction closed at a very aggressive cap rate of 4.17% for a strip center with one vacancy.
“This is the latest in an increased volume of year end deals at Silber Properties,” says Adam Silber, Principal and Owner of Silber Investment Properties. “Since we initiated our strategic growth plan in the summer of 2019, we have been recruiting great talent and building great relationships with new sellers and buyers. 2020 is shaping up to be a strong year for the firm.”
The details of the sale are listed below.
Address: 6318 Roosevelt Ave, Woodside, NY 11377
Sale Date: 11/19/2019
Selling Price: $5,700,000
Selling Cap Rate: 4.17% CAP
Building Size: 6,305 Sq.Ft
Price Per Sq Ft: $904
Seller: Robert Lincks, Hicksville
Buyer: Jing G Chang, Mutton Town
Chinho Park of Silber Investment Properties represented both the buyer and 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.