The Reel

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A blog for breaking sales and neighborhood real estate news.

A retail building at 396 Rockaway Avenue, located on the corner of Roosevelt and Rockaway Avenues in Valley Stream, Long Island, was sold in an all-cash transaction valued at $1,750,000.
The fully-leased, single-story building contains approximately 8,300 square feet on a 9,130-square foot lot.  It features approximately 183’ of wraparound frontage only one block south of West Sunrise Highway.  The property is well-maintained and consists of five individual retail stores with strong tenants in place.  The sale price equates to approximately $211 per square foot.

“The area is getting a lot of attention thanks to a new multifamily development on the south east corner of Rockaway Avenue and Sunrise Highway.  Proximity to the Long Island Rail-Road has become a major focal point for development and this property benefits from its location less than a half-mile from the Valley Stream station,” said Cushman & Wakefield’s Daniel Abbondandolo, who exclusively handled this transaction with Michael Amirkhanian.

Click here for press release

Neighborhoods: Nassau County/ Agents: Daniel Abbondandolo