Blake Chen Acquires Industrial Property From Bob Singh For $7.75M In Farmingdale

The property asset involved in this transaction is an industrial space located at 229 Broadhollow Road, Farmingdale. The sale price for this asset amounted to $7,750,000, encompassing a total square footage of 40,000, which translates to a price per square foot of $193.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,750,000
• Address: 229 Broadhollow Road
• Market: Farmingdale
• Square Footage: 40,000
• Price per Square Foot: $193
• Buyer: Blake Chen
• Seller: Bob Singh
• Seller's Representative: Luciano Oliverio - Summit CRE

This transaction involved Blake Chen as the buyer and Bob Singh as the seller. Representing the seller, Luciano Oliverio of Summit CRE highlighted the company's extensive buyer pool, consisting of end users and investors with capital to deploy. This indicates a strategic approach to marketing properties for sale within this network.