May 2, 2019 Comments Off on JP Morgan Hires CushWake to Sell LI Air Rights Views: 223 Long Island, New York News, Tri-State Area New York

JP Morgan Hires CushWake to Sell LI Air Rights

Cushman & Wakefield has been hired to market for sale 22 Grace Ave., a 7,200-square-foot building on a 38,544-square-foot lot in Great Neck, NY. The lot is currently the site of a freestanding Chase Bank owned and occupied by JP Morgan Chase, which has retained Cushman & Wakefield for the sale of air rights over the property.

The site is slated for luxury residential units, where Chase Bank will keep its ground floor retail presence.

“22 Grace Ave. is the most exciting development in Nassau County which will transform the way Great Neck lives and works,” said Daniel Abbondandolo of Cushman & Wakefield. “With downtown Great Neck seeing a resurgence of developments, this transit-oriented site offers the opportunity to invest in a rapidly-growing Long Island rental market.”

Abbondandolo and his colleagues, Melissa Naeder and Dimitri Mastrogiannis, are leading the marketing efforts on behalf of the seller.

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