Silber Investment Properties closes 4th quarter deals on Long Island totaling $30.725 million

Syosset-based Silber Investment Properties Ltd. closed several 4th quarter deals on Long Island including: * "Merrick Corners" a 13,000 s/f shopping center located at 2019-2037 Merrick Rd. in Merrick was sold to a private investor for $5.7 million. Marty Sass and Adam Silber, both of Silber Investment Properties Ltd., represented the buyer and the seller in this transaction. * In Syosset, next door to Silber's headquarters, Adam Silber represented the seller and purchaser on the sale of the 35,500 s/f taxpayer located in downtown Syosset on the corner of Cold Spring Rd. and Jackson Ave for $15.55 million. This marks the second time this property has been sold by Silber in two years. * A Triple-Net Leased KFC/Long John Silver's on Rte. 110 in Melville was sold to a private investor for $2.5 million which equated to a 5% capitalization rate. The buyer and seller were represented by Anthony Ciafardoni & Adam Silber, both of Silber Investment Properties, Ltd. * In Holbrook, Adam Silber and Clem Cote of Silber Investment Properties were joined by Select Investment Realty Advisors in the sale of a free-standing 7-Eleven located at 301 Union Ave. The purchase price was $3.825 million which equated to a 6.25% cap rate. * An 18,800 s/f retail building formerly occupied by Mandee at 3350 Hillside Ave. in New Hyde Park was sold to a private investor for $3.15 million. The buyer and seller were represented by Frank Caporrino, Adam Silber, and Adam Shapiro all of Silber Investment Properties, Ltd.