Kevin Wu Acquires Industrial Asset At 215 Buffalo Avenue Freeport For $6.4M With Buyer’s Rep

The industrial asset located at 215 Buffalo Avenue in Freeport was transacted for a total of $6,400,000. The property encompasses a total square footage of 31,000, resulting in a price per square foot of $206.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Address: 215 Buffalo Avenue
• Market: Freeport
• Square Footage: 31,000
• Price per Square Foot: $206
• Buyer: Kevin Wu
• Seller: Kim Volman
• Buyer's Representative: Matthew Balazano - Schacker Real Estate & David Rotter - Rotter Realty Corp.
• Seller's Representative: Gary J Chimeri & Michael Berndt - Paramount Properties Group

This transaction was noted for achieving a record price per square foot in Freeport, showcasing the resilience and strength of the industrial market on Long Island, as highlighted by the seller's representatives Gary J Chimeri and Michael Berndt.