New York, NY – February 25, 2019 – Cushman & Wakefield announced today that the firm has arranged the sale of 306 Main Street, a 2,111-square-foot retail property in Huntington, New York. The final closing price equated to $473 per square foot.
Cushman & Wakefield’s Robert Kuppersmith, Managing Director, and Daniel A. Abbondandolo, Senior Director, represented the seller, L&G Assets, LLC, in the transaction. The property was purchased by a local private investor.
“306 Main Street was a nostalgic investment for the buyer,” said Robert Kuppersmith of Cushman & Wakefield. Dan Abbondandolo noted, “As a longtime resident of the area, they wanted to preserve downtown Huntington’s charm and close community environment.”
306 Main Street is a 2,100-square foot retail property benefitting from downtown Huntington’s surge of residential development, new bars and restaurants. For decades, Main Street and New York Avenue have been the Downtown’s main shopping and restaurant district. The development of luxury apartment buildings throughout the village has caused commercial values to rise with the influx of new residents.
Located on Main Street between Green Street and New Street, the property is situated in a well trafficked area with restaurants and nightlife. Major retailers in the area include Starbucks, Bank of America, Chase Bank and New York Sports Club.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.