179 School St

Investment Highlights

In the heart of Westbury?s transit-oriented Maple-Union Development District Zoned MU | R-5 and MU | R-7 in Incorporated Village of Westbury, As-of-right zoning for multifamily (see zoning map) Close proximity to the Northern State Parkway and Old Country Road 0.62 Acre Redevelopment Site Walking Distance to Westbury LIRR, Shopping, Restaurants, and Entertainment Venues

Executive Summary

Prime Nassau County multifamily development opportunity. Ownership is interested soliciting Developers for the followingtransaction structure:? Fee-Simple Sale (preferred transaction)? Joint-Venture (Ownership remains in the development project)? Long-term Land LeaseOwnership will consider offers that are subject to municipal approvals.

• Sale Type    Investment
• Sale Condition    Redevelopment Project
• Property Type    Retail
• Property Subtype    Retail
• Building Size    8,930
• Building Class    C
• Year Built    1980
• Price    4,500,000
• Price Per SF    504
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.34
• Land Acres    0.61 AC