Brookfield Properties Acquires Industrial Property In Long Island For $13.25M

Brookfield Properties has acquired an industrial property located at 107 Charles Lindbergh Blvd. in Long Island. The property was sold by Dr. Shahrokh Abiri. The transaction, facilitated by Yehuda Goltche and Itan Rahmani from Marksmen at VCPRE, closed on 07/06/2021. The sale price for the property was $13,250,000, with a total area of 98,000 square feet. The price per square foot was $135. The property is currently under a ground lease with Nassau County for another 60 years. In 2017, the seller purchased the ground leased interest for $5 million before cashing out with Brookfield. Brookfield Properties plans to develop a last mile ground-up industrial project on the site.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,250,000
• Address: 107 Charles Lindbergh Blvd.
• Market: Long Island
• Buyer: Brookfield Properties
• Seller: Dr. Shahrokh Abiri
• Brokers: Yehuda Goltche & Itan Rahmani - Marksmen at VCPRE

Yehuda Goltche and Itan Rahmani from Marksmen at VCPRE have been actively involved in the industrial real estate market. Over the past three months, they have transacted on over $100 million worth of properties and have several more deals in the pipeline. If you haven't connected with Yehuda Goltche or Itan Rahmani yet, they encourage you to reach out and introduce yourself for potential future opportunities.

For further inquiries, you can contact:

Itanel Rahmani
Email: [email protected]
Phone: 212-213-7800 x 120

Yehuda Goltche
Email: [email protected]
Phone: 212-213-7800 x 230