Garden City Starbucks Sale Achieves 4.1% Cap Rate
7th Street, Garden City · Retail Investment Sale
Completed Sale · 4.1% Cap Rate · Over $1,000 Per Square Foot
North Village Realty completed the sale of the Starbucks-occupied retail property on 7th Street in Garden City, New York. The transaction closed at a 4.1% capitalization rate and a sale price exceeding $1,000 per square foot.
The sale is one of the firm’s signature Long Island retail transactions. It adds to a record that includes investment sales involving medical office buildings, retail properties, and multifamily assets across Nassau and Suffolk counties.
Tom Bigansky, Broker/Owner of North Village Realty, works directly with commercial property owners throughout Long Island, with particular expertise on the South Shore. The firm’s approach combines property-level analysis with an understanding of the investors and owner-users active in each market.
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Considering a sale or exploring the value of a Long Island commercial property? Contact our office to discuss your goals and request a complimentary Broker Opinion of Value.