Hildreth Real Estate Advisors Acquires Industrial Property In East Moriches, NY For $3.2M

190 Frowein Rd. in East Moriches, NY has been sold in a recent transaction for a price of $3,195,000. This industrial property, situated on a lot size of 120,000 square feet, offers ample space for various industrial activities. The purchase price translates to a per square foot cost of approximately $26, making it an attractive investment in the Long Island market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,195,000
• Address: 190 Frowein Rd., East Moriches, NY
• Market: Long Island
• Lot Size: 120,000 square feet

The buyer of 190 Frowein Rd. is Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf from their team. On the seller's side, Oakley Gentry facilitated the transaction. Hildreth Real Estate Advisors has a keen interest in acquiring vacant industrial land in the greater New York area. They encourage potential opportunities to be shared by contacting [email protected] or by sending a direct message to their acquisitions team. Additionally, it is worth noting that this transaction involved a 99-year ground lease, indicating Hildreth Real Estate Advisors' openness to different structures for their acquisitions.