Shirley, Long Island – January 2019- Asset Commercial Realty Group’s (AssetCRG) Managing Principal, Michelle Abramov, is proud to announce the sale of 534 William Floyd Parkway in Shirley, Long Island, NY. The shopping center is located on the corner of William Floyd Parkway and Mastic Boulevard and is situated on nearly 1.1 acres with a building of 6,600 square feet and roughly 50 parking spaces. The property is 100% occupied with tenants including Pizza Hut and Jack Spot.

Abramov exclusively represented the seller, RJ William Floyd Realty LLC, and procured the purchaser, Two Brothers Realty Center, Inc. The purchaser, who is local Long Island based, was in a 1031 exchange. The asset sold for $2,900,000. Abramov notes, “The asset was well kept up with and recently renovated and had a mix of national tenancy and local operators who have leased space at the center long term. The property is very well situated on William Floyd Parkway and enjoys the exposure of over 60,000 cars passing the site daily and easy access to the LIRR across the street. This presented the perfect opportunity for the 1031 purchaser who recognized the assets performance and location.”

 

About Asset Commercial Realty Group, LLC.

Asset Commercial Realty Group LLC (“AssetCRG”) is a Queens, New York based boutique real estate brokerage company focusing on delivering exceptional value to its clients. AssetCRG’s team currently manages over 2 million square feet of retail assets and the team has closed on an aggregate value of over $250 million worth of deals since inception.  AssetCRG’s leasing team is currently representing over 500,000 square feet of retail and office space in the metro New York area. For more information please visit us at www.assetcrg.com, email us at info@assetcrg.com or call us at (718)-887-9090.