Cushman & Wakefield arranges sale of 552,341 s/f development site for $3.95 million

Medford, NY Cushman & Wakefield arranged the sale of a 552,341 s/f development site located at 590 Long Island Ave. The sale price was $3.95 million.

Cushman & Wakefield’s Daniel Abbondandolo and Rob Cullen represented the seller, Mary Spina Realty, Inc. and Philip Spina Realty, Inc., in the transaction. David Pennetta and Stephen Cadorette, also of Cushman & Wakefield, represented the buyer, Blue Sky Endeavors, LLC.

“We are thrilled to have arranged the transaction of 590 Long Island Ave.,” said Abbondandolo. “The transaction could never have come to fruition if it wasn’t for a very patient seller and committed buyer. As all land deals on Long Island have their nuances, this transaction represents the tremendous development opportunities Suffolk County offers. The site is comprised of two adjacent parcels, with over 12 acres that is slated for renewable and sustainable energy development. Positioned along Long Island Expressway South Service Rd., the property boasts unparalleled direct frontage and outstanding accessibility.”

The 12.68-acre site is divided into two main lots and offers commercial, industrial or storage redevelopment opportunities. The site hass over 838 ft. of frontage on Long Island Express Dr.

The property is located at Exit 65 on Long Island Expressway Dr., allowing for access to the surrounding areas.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Marcus & Millichap brokers $10.3 million sale of mixed-use building

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing