Ciafardoni and Gordon of Silber Investment Properties broker $1.6 million sale of 7,000 s/f strip mall in Long Island

Hempstead, NY According to Silber Investment Properties, (SIP) Linshore LLC has acquired a 7,000 s/f strip center property at 6-16 W. Columbia St. for $1.6 million  (8% CAP). 

 

 

Anthony Ciafardoni, executive vice president of SIP represented the buyer, while Amanda Gordon, vice president of investment sales at SIP represented the seller, 142 N. Franklin Street LLC.

The property, located on the southeast corner of Franklin Ave. and Columbia St., is less than a half mile from the Hempstead LIRR train station. The majority of the tenants have been operating between five and 12 years, with two operating in excess of 15 years in the same location. 

Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.