437 Walt Whitman Road Melville / Google Maps image
November 4, 2022
A retail strip center in Melville has sold for $6.7 million.
BLDG Acquisition Corp., a Manhattan-based real estate investment firm, purchased the 11,180-square-foot retail building on .89 acres at 437 Walt Whitman Road.
The 10-store strip center is fully occupied.
The sale price equates to a 6.5 percent cap rate.
Amanda Gordon of Silber Investment Properties represented the buyer, while Adam Silber of Silber Investment Properties represented the seller, AJP Enterprises LLC, in the sales transaction.