Carvana Acquires Development Site In Garden City For $9.7M

Located at 6 North Avenue in Garden City, this development site spans across 1.9 acres. The property was recently sold in a transaction facilitated by Kenneth Schuckman of Schuckman Realty. The sale took place on December 17, 2021, with a sale price of $9,700,000. The buyer in this deal was Carvana, a renowned automotive e-commerce platform, while the seller was Midwood Investment & Development.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $9,700,000
• Address: 6 North Avenue, Garden City
• Market: Garden City
• Asset Type: Development Site
• Acres: 1.9

Kenneth Schuckman, representing Schuckman Realty, served as the broker for this transaction. With this sale, Carvana has acquired a valuable development site in Garden City, further expanding their presence in the real estate market.