Listen to this articleA mixed-use property in Islip has sold for $2.2 million.
Golden Peruvian Real Estate LLC purchased the two-story, 7,990-square-foot building on .20 acres at 496 Main St.
The property is occupied by the Mango Tango restaurant on the first floor, and the second floor is currently used as storage space.
The sale price equates to about a 7 percent cap rate.
The new owner purchased the property as an investment with the end goal to one day operate his restaurant at the property, according to one of the brokers on the deal.
Jason Merrell and Michael Gronenthal of Douglas Elliman Commercial represented the buyer, as well as the seller, Ichiban II Inc., in the sales transaction.
“This property is located in the heart of downtown Islip and comes with its own off-street parking,” Gronenthal told LIBN. “It was a great opportunity to acquire a prime corner with an existing restaurant tenant.”