Roslyn, N.Y. – June 23, 2025 – Cushman & Wakefield, a global real estate services firm, announced that it has facilitated the $31 million sale of the Roslyn Lumber Yard, a mixed-use property at 17-21 Lumber Road in the historic Village of Roslyn, New York.
Cushman & Wakefield's Rob Kuppersmith, Dan Abbondandolo, Joegy Raju, and Victor Little represented both the seller, developer Lumber Earth Realty, and procured the buyer, GB Family Holdings.
“The Roslyn Lumber Yard set the standard for premium mixed-use developments and has helped to further elevate the Village of Roslyn as a thriving dining and entertainment hub on Long Island – it has become one of the most dynamic places to live in Nassau County,” said Kuppersmith.
Raju added, “The growth and success of the downtown can be attributed to many players, starting with Mayor Durkin and continued forward by local developers committed to the overall vision.”
“This sale is the largest commercial transaction in the Village to date. The quality of Lumber Road, coupled with the growth of Roslyn, made this an attractive opportunity for the buyers to thoughtfully grow their portfolio on Long Island,” said Abbondandolo. “New residents are continuing to move to Roslyn due to the Village’s proximity to excellent dining, entertainment, access to major roads, setting the property up for future success. The acquisition underscores the continued demand for high-quality, well-located mixed-use assets in thriving downtown communities.”
Built in 2016, 17-21 Lumber Road features 25 luxury residential duplex units and 60,648 square feet of retail space. Retail tenants include the Roslyn Salt Cave, Bout Boxing and Fitness, Northeast Financial Network, and Great Shapes Swimwear. The property’s location is steps away from Roslyn’s vibrant downtown, known for its affluent atmosphere, nightlife, and top-tier dining and entertainment, including Felice, Van Leeuwen, PopUp Bagels, and Okaru. The Roslyn LIRR station is less than one mile from the property, providing residents with direct access into Grand Central Station and Penn Station.
Cushman & Wakefield’s is also marketing for sale the Grist Mill retail center, home to the TBar Restaurant, further solidifying its foothold in the region.