An 8,609 square foot retail strip center at 50-70 East Village Green in Levittown sold for $1.7 million in December 2023 at a 6.88% cap rate. The property was fully occupied at closing, with tenants including La Focaccia restaurant and East Village Green Animal Hospital. The buyer was a Hicksville-based commercial real estate investor. This transaction was covered by Long Island Business News.
Fully occupied Nassau County strip with a restaurant and medical-adjacent tenant at nearly a 7% cap — that’s a real deal. Service tenants, strong occupancy, good corridor. If you own something similar and are thinking about your options, give me a call.