Ubaldo Chavez Acquires Industrial Property In Farmingdale For $2.54M

The vacant industrial warehouse located at 228 Farmingdale Road in Farmingdale has been sold for $2,535,000. Spanning across 9,760 square feet, the property is situated on a 24,307 square foot lot, providing ample parking space with 32 parking spots. This industrial asset is strategically positioned across the street from Republic Airport, offering convenient access to the Southern State Parkway and Broadhollow Road (NY 110).

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,535,000
• Square Footage: 9,760
• Price Per Square Foot: $260
• Address: 228 Farmingdale Road, Farmingdale
• Market: Farmingdale

Cushman & Wakefield facilitated the sale of this property, with Daniel Abbondandolo, Robert Kuppersmith, and Victor Little acting as the seller's representatives. Century 21 Cor-Ace Realty's Walter Bonilla represented the buyer, Ubaldo Chavez. The demand for this asset exceeded expectations, resulting in a trade that exceeded the initial asking price by $35,000, or $260 per square foot.

Please feel free to contact Daniel Abbondandolo at 631-425-1232 or [email protected], Robert Kuppersmith at 631-425-1220 or [email protected], and Victor Little at 631-425-1239 or [email protected] for further details regarding this transaction.