The Reel

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A blog for breaking sales and neighborhood real estate news.

A post office building at 2038 Hillside Avenue, located on a major thoroughfare in New Hyde Park in Nassau County, was sold in an all cash transaction valued at $880,000.

This one-story building is approximately 2,550 square feet and sits on a 40’ x 152’ lot. The current tenant, the U.S. Post Office, is in lease until 2013 and has a five-year option to renew. This post office is not on the list of locations for possible closure or consolidation. Both the seller and the buyer are investors. The sale price equates to $345 per square foot.

Click here for press release

Neighborhoods: Nassau County