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51 Broadway Greenlawn / Courtesy of Silber Investment Properties
51 Broadway Greenlawn / Courtesy of Silber Investment Properties
Retail strip acquired by Long Island real estate investment firm
David Winzelberg//March 6, 2025//
Listen to this articleA retail strip center in Greenlawn has been purchased by a Long Island commercial real estate investment firm.
Seaford-based Petrakis Properties purchased the 9,100-square-foot retail strip building on 1 acre at 51 Broadway in Greenlawn for $2.275 million.
The six-store property is occupied by several neighborhood retail tenants, including Carvel Ice Cream, Eco Cleaners, PawSessions Dog Training, Deli 51 and Green Garden Chinese take-out. The strip also has one vacant space.
The sale price equates to a 7.5 percent cap rate.
Adam Silber of Silber Investment Properties represented the buyer, while Dylan Silber of Silber Investment Properties represented the seller, Greenlawn Associates LLC, in the sales transaction.
