John A. Grib's Stonemont Financial Group Acquires Industrial Property On Long Island For $11M

Located in Long Island, the industrial property at 26-28 Garfield Avenue has been sold in a recent transaction. The sale was facilitated by John A. Grib of Stonemont Financial Group, representing the buyer, and Troy Caruso, the seller.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Size: 253,000 square feet
• Price per square foot: $43
• Date: 10/11/2022
• Address: 26-28 Garfield Avenue
• Market: Long Island

The buyer, John A. Grib of Stonemont Financial Group, played a key role in the successful sale of this industrial property. The seller, Troy Caruso, decided to part ways with the asset, which fetched a price of $11,000,000. Spanning across 253,000 square feet, the property was sold at a rate of $43 per square foot.