Office Building at 3111 New Hyde Park Road in North Hills Long Island Sold for $14,650,000

‍Successful Sale of 3111 New Hyde Park Road in North Hills, Long Island

Bob Knakal and his team successfully closed the sale of 3111 New Hyde Park Road, a premier office building located in the sought-after North Hills neighborhood of Long Island. The sale price of $14,650,000 highlights the property’s strong market appeal and strategic location.

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Sale Details

The 26,690-square-foot office building, situated in the heart of North Hills, attracted significant interest from buyers due to its prime location and excellent building quality. The final sale price of $14.65 million reflects a price per square foot of $548.89, underscoring the value of this Class A asset in a competitive market.

Sale Price: $14,650,000
Seller: Michael Spector
Buyer: CHC Management Group
Asset Class: Office
Sale Date: March 15, 2017
Property Address: 3111 New Hyde Park Road, North Hills, Long Island
Building Size: 26,690 square feet
Price per SF: $548.89

The office building’s modern design and strategic location in North Hills made it an attractive investment. Despite challenges, Bob Knakal’s team executed a seamless process, identifying the perfect buyer and securing the best possible outcome for the seller.

Market Strategy and Leverage

Bob’s approach focused on highlighting the property’s standout characteristics, including:

Modern design and Class A office facilities.
Proximity to key transportation hubs and affluent neighborhoods.
Strong demand for office space in North Hills.

By leveraging these features, Bob Knakal and his team created a competitive bidding environment, ensuring the seller achieved maximum value for the property.

Neighborhood Overview

North Hills, Long Island, offers:

Proximity to major highways and public transportation, providing easy access to New York City.
A thriving business community with strong demand for office space.
High-end residential developments, enhancing the area’s appeal to professionals.
Excellent amenities, including shopping centers and dining options.

Conclusion

The sale of 3111 New Hyde Park Road showcases Bob Knakal’s commitment to delivering outstanding results for his clients. Through strategic marketing and expert negotiation, Bob and his team successfully closed the deal, achieving an impressive price and favorable terms for the seller.

Testimonial

“This deal was not easy to get done. I am so happy I hired Bob Knakal and his team to represent me here. They were relentless in the pursuit of the perfect buyer for me.” – Michael Spector

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