Press Releases
Marcus & Millichap Brokers $8M Sale of Three-Story Mixed-Use Property on Long Island’s North Shore
March 12, 2025
NEW YORK, Mar. 12, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11,000-square-foot mixed-use property in Huntington, New York, for $8,050,000.
“This sale highlights a demand for prime properties in vibrant communities like Huntington Village,” said Michael Tuccillo. “It's exceptional location and high-end finishes presented an appealing investment opportunity, resulting in a high price per square foot. We are pleased to have facilitated this transaction and anticipate the property's continued success under its new ownership.”
Tuccillo, investment specialist in Marcus & Millichap’s Manhattan office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
Located at 356 New York Ave., the three-story property features three ground-floor retail tenants and nine upscale residential units. Originally built in 1965, the property underwent significant renovations in 2021, adding a third floor and modernizing the apartments. The retail portion is anchored by Jovia Financial Credit Union, with additional tenants including Dezyns Jewelers and Huntington Village Vapes.
Situated in the heart of Huntington Village, the property is surrounded by a vibrant mix of dining, boutique shopping and cultural attractions, including The Paramount, Heckscher Park, and the Cinema Arts Centre.
“This sale highlights a demand for prime properties in vibrant communities like Huntington Village,” said Michael Tuccillo. “It's exceptional location and high-end finishes presented an appealing investment opportunity, resulting in a high price per square foot. We are pleased to have facilitated this transaction and anticipate the property's continued success under its new ownership.”
Tuccillo, investment specialist in Marcus & Millichap’s Manhattan office, exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
Located at 356 New York Ave., the three-story property features three ground-floor retail tenants and nine upscale residential units. Originally built in 1965, the property underwent significant renovations in 2021, adding a third floor and modernizing the apartments. The retail portion is anchored by Jovia Financial Credit Union, with additional tenants including Dezyns Jewelers and Huntington Village Vapes.
Situated in the heart of Huntington Village, the property is surrounded by a vibrant mix of dining, boutique shopping and cultural attractions, including The Paramount, Heckscher Park, and the Cinema Arts Centre.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
