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Lumber Plus Leases 33,000 SF Industrial Space In Ronkonkoma, NY

Property Image
LEASED
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
+ 3

New York

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Industrial33,000 SF
Leased 01/29/2024
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Property Image
LEASED

Lumber Plus Leases 33,000 SF Industrial Space In Ronkonkoma, NY

2175 5th Avenue

See Similar Deals
Industrial33,000 SF
Leased 01/29/2024
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
+ 3
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:33,000 SF
Transaction Type:Lease

Located at 2175 5th Avenue in Ronkonkoma, Long Island, the property involved in this transaction is an industrial asset spanning 33,000 square feet. The lease was finalized between Landlord Joseph A. Farkas of Metropolitan Realty Associates and Tenant Lumber Plus, a distributor specializing in Brazilian woods and flooring products.

Summary of transaction details:

The deal was facilitated by brokers Frank Frizalone, John Giannuzzi, Nicholas Gallipoli, Ryan Korzekwinski, and Thomas DeLuca from Cushman & Wakefield. Lumber Plus' specialization in Brazilian woods and flooring products adds a unique touch to this industrial lease transaction, showcasing the diverse commercial activities within the Ronkonkoma market.

Players

Thomas (Tom) DeLuca
14 deals$123.7M volume
BROKER

Frank Frizalone
Cushman & Wakefield
10 deals$94.4M volume
BROKER

Nicholas (Nick) Gallipoli
Cushman & Wakefield
16 deals$163.5M volume
BROKER

John Giannuzzi
Cushman & Wakefield
10 deals$54.2M volume
BROKER

Ryan Korzekwinski
Cushman & Wakefield
2 deals$10.7M volume(516) 477-2061
BROKER

Details

LEASED
IMAGE: Nicholas Gallipoli, John Giannuzzi, Joseph A. Farkas, Ryan Korzekwinski, Frank Frizalone & Thomas DeLuca DATE: 01/29/2024 ADDRESS: 2175 5th Avenue MARKET: Ronkonkoma ASSET TYPE: Industrial ~ SF: 33,000 LANDLORD: Joseph A. Farkas - Metropolitan Realty Associates TENANT: Lumber Plus BROKERS: Frank Frizalone, John Giannuzzi, Nicholas Gallipoli, Ryan Korzekwinski , Ryan Korzekwinski & Thomas DeLuca - Cushman & Wakefield NOTE: Lumber Plus, a distributor specializing in Brazilian woods and flooring products, has inked a 33,000-square-foot industrial lease in Ronkonkoma, Long Island.

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Deal Type
Effective Rent (Annual)

$1,891,540.09

Total Lease Value

$18,915,400.86

Net Landlord Cash Flow$1,891,540.09