Progressive Housing Acquires Commercial Property In Bayshore, New York For $3.5M

New York City has witnessed a recent closed property transaction in Bayshore. The asset in question is a commercial property located at 1746-1766 Sunrise Hwy. This property, spanning over 14,941 square feet, was sold for a price of $3,500,000. The deal was successfully closed on July 10, 2018, with a swift turnaround of just 45 days.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $3,500,000
• Address: 1746-1766 Sunrise Hwy, Bayshore, New York
• Market: Bayshore
• Date: 07/10/2018

Heading this transaction, the seller was Wai Ng, who represented 65th Place Plus Corp. On the other side of the deal, Robert Jarosak of Progressive Housing emerged as the buyer. The brokerage team responsible for facilitating this successful transaction were Michael Gronenthal from @Michael.Gronenthal and Suiv Lee.

Making this endeavor even more noteworthy, a relatively short time span of just 45 days was required to finalize the deal. For any inquiries or further information about this transaction, interested parties may reach out to Michael Gronenthal at [email protected].