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

Massey Knakal Sells Industrial Property In Port Washington

06/04/2014

An industrial/commercial site at 131 Haven Avenue between Pine Street and Temple Drive in Port Washington, Nassau County, was sold in an all-cash transaction valued at $425,000.

The property consists of an approximately 6,480 square foot lot with a single-story approximately 1,000 square foot warehouse and office building.  The property has ample parking and storage and its industrial zoning gives flexibility for use.  The property was delivered vacant, and the sale price equates to approximately $425 per square foot.

The site is ideally located just north of Northern Boulevard, two blocks west of Port Washington Boulevard. It is in close proximity to all North Shore areas as well as several highways and public transportation options.

“Our client was very pleased with the sale of the property at $425 per square foot, a very strong number for the area and this property type,” said Massey Knakal’s Benjamin Efraimov, who exclusively handled this transaction with Stephen R. Preuss.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

06/04/2014 - 08:47

Source

Cushman & Wakefield Capital Markets Group New York

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