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A retail property in Huntington Station that’s anchored by a Barnes & Noble store has sold for $14.2 million.
Seven Hearts Realty LLC, an affiliate of a family-owned commercial real estate investment group, purchased the 19,530-square-foot building on 1.2 acres at 301 Walt Whitman Road. The acquisition was completed to satisfy the buyer’s 1031 exchange requirement.
The Huntington Station property is fully occupied by Barnes & Noble, which leases 14,330 square feet and a T-Mobile store that leases 5,200 square feet. There is parking for 16 vehicles in front and another 50 parking spaces behind the building.
The property is located across from the Whole Foods Market-anchored Huntington Shopping Center, which recently underwent a $75 million redevelopment.
The sale price equates to $727 a square foot and a 6.45 percent cap rate.
The Barnes & Noble Huntington Station store serves as the chain’s replacement for the East Northport location that closed in Jan. 2024. That space in the Huntington Square shopping center at 4000 Jericho Turnpike is now home to a 21,000-square-foot Aldi supermarket that opened in Dec. 2024.
Manhattan-based Wharton Properties had purchased the Huntington Station property in early 2024 for $6.3 million, as previously reported by LIBN. Wharton renovated and repositioned the property and added the two current tenants.
Daniel Abbondandolo, Joegy Raju, Victor Little and Chris Sheldon of Cushman & Wakefield secured the buyer and represented the seller, 301 Route 110 LLC, in the sales transaction.
“Having Whole Foods directly across the street in one of the most desirable retail corridors in Suffolk County continues its growth and adds even more value to that area,” Abbondandalo told LIBN. “This sale is a testament to Long Island’s retail strength and how repositioning continues to be a major trend and driver of capital.”
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David Winzelberg
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