On The Scene
Winick Realty Group’s Investment Sales Team announced the successful sale of a new TD Bank under construction in Geenlawn, NY. The 2,500 square-foot bank sits on an approximately 1.8 acre corner parcel at the intersection of Pulaski Road and Cuba Hill Road, adjacent to the BAE Systems office complex, in the town of Huntington on Long Island.
Michael Cleeman, Senior Vice President of Investment Sales represented the 1031 exchange buyer in the $4,650,000 transaction. Seller CLC Greenlawn LLC was represented by Stan Johnson Company and GFI Realty Services.
“The buyer was attracted to the strong demographic location with average household incomes above $135,000, traffic counts of over 25,000 VPD and the stability of a new 20 year lease that was recently executed,” said Cleeman.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.