Queens-Based Distributor Acquires 32,500 Square Foot Industrial Building In Hauppauge For $6.8M

A Queens-based kitchen and bathroom cabinetry distributor acquired an industrial building located at 1745 Express Drive North in Hauppauge. The property encompasses 32,500 square feet and sits on 1.6 acres. The transaction was finalized at a price of $6.8 million, with a price per square foot at $209 and a price per acre of $4,250,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,800,000
• Square Footage: 32,500
• Acres: 1.6
• Price per Square Foot: $209
• Price per Acre: $4,250,000
• Buyer's Representative: Jason Miller & Jeffrey Schwartzberg - Premier Commercial Real Estate
• Seller's Representative: Alan Yaffe - United Realty

The deal was executed through the entity 1745 Hauppauge Holding LLC, marking a significant industrial acquisition in the Hauppauge market. The involvement of multiple representatives illustrates a structured collaboration in concluding this transaction.