Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Sells Iconic Roslyn Clock Tower Building

03/13/2015

The iconic “Roslyn Clock Tower” building, a mixed-use property at 2-8 Main Street, located on the corner of Main Street and Old Northern Boulevard in Roslyn, NY, was sold in an all-cash transaction valued at $3,500,000.

The two-story building contains approximately 10,000 square feet and sits on a 100’ x 50’ lot.  It consists of five retail units on the ground floor and 12 office units on the second floor.  Overlooking the much admired Village of Roslyn, this prestigious property was sold inclusive of a beautiful home site that will have views of the water.  The home site is currently used for parking and consists of a single-story garage that contains approximately 1,734 square feet on an L-shaped lot, with eight indoor and ten outdoor spaces.  The sale price equates to approximately $350 per square foot.

“In consideration of the limited amount of similar product type in the Village of Roslyn, our team was able to achieve a premium per square foot price for our client while delivering a quality asset to the buyer,” said Cushman & Wakefield’s Benjamin Efraimov, who exclusively handled this transaction with Stephen R. Preuss and John Ciraulo.  “Cushman & Wakefield is proud to be involved in the sale of one of the most recognizable buildings in the North Shore of Long Island,” said Preuss.

03/13/2015 - 18:30

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here