Cutter Mill Plaza shopping center sold for $4.8M
An 11,250-square-foot shopping plaza in Great Neck Village has been sold for $4.8 million. Credit: Cushman & Wakefield
Cutter Mill Plaza, a strip shopping center in the Village of Great Neck Plaza, has been sold for $4.8 million, according to a news release.
The property, located at 25 Cutter Mill Rd., was sold by private owner 25 Cuttermill Road Realty Corp. to Nassimi Realty LLC, a Manhattan-based real estate investment firm. Seven of the strip’s 10 retail spaces are occupied.
The strip “is an ideal retail destination,” Benjamin Efraimov, a broker with Cushman & Wakefield, said in a statement. Kevin Schmitz of Cushman also worked on the deal.
The 11,250-square-foot property has a 4,160-square-foot basement and a 2,470-square-foot mezzanine.
CORRECTION: A previous version of this story included an incorrect sales price.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
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