News: Brokerage

Merrell, Monahan and Delisle of Island Assocs. sell 8,388 s/f retail building for $2 million

Franklin Square, NY Island Associates has completed the sale of an 8,388 s/f retail property located at 636 Hempstead Tpke., formerly home to Movin’ On Sounds, for a purchase price of $2 million.

The seller was represented by Jason Merrell, Robert Monahan, and Roger Delisle of Island Associates. The buyer, an expanding owner-user, was represented by Mike DiBella of Pliskin Realty.

The property had been under long-term ownership and offers exceptional frontage and visibility along one of Long Island’s most active retail corridors. Retail properties along Hempstead Tpke. continue to command strong interest from users and investors drawn to the area’s traffic volume, demographics, and accessibility.

“This sale reflects continued demand from owner-users looking to secure well-located retail properties with strong visibility and access,” said Merrell.

Island Associates remains active in retail and industrial transactions throughout Long Island, representing both buyers and sellers across a range of property types.

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