Storage Deluxe Acquires Development Site In East Meadow, Long Island For $6.1M

An undeveloped property located at 2087 Hempstead Turnpike in East Meadow, Long Island has been sold. The property, which spans 105,000 square feet, was sold for a total price of $6,065,000. The sale price per square foot was $57. The transaction took place on April 15, 2019.

Summary of Transaction Details

• Property Type: Development Site
• Sale Price: $6,065,000
• Square Footage: 105,000
• Price per Square Foot: $57
• Seller: Barone Management
• Buyer: Storage Deluxe
• Broker: Stonegate Real Estate - Anthony Ponte

Stonegate Real Estate, represented by Anthony Ponte, facilitated the deal between Barone Management, the seller of the property, and Storage Deluxe, the buyer. The property is located in East Meadow, Long Island, and has significant potential for development.