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Daniels Health Acquires Industrial Asset In Old Bethpage From Todd Andron For $6.69M

Property Image
SOLD
$6,691,110
Paul Leone
Gary J Chimeri
Michael Berndt

New York

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Industrial23,159 SF
Sold 12/15/2025
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Property Image
SOLD

Daniels Health Acquires Industrial Asset In Old Bethpage From Todd Andron For $6.69M

445 Winding Road

See Similar Deals
Industrial23,159 SF
Sold 12/15/2025
Paul Leone
Gary J Chimeri
Michael Berndt
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:23,159 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial facility located at 445 Winding Road in Old Bethpage. The transaction amount was $6,691,110 for a total square footage of 23,159, resulting in a price per square foot of $288.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,691,110
  • Buyer: Daniels Health
  • Seller: Todd Andron
  • Buyer's Representative: Paul Leone - CBRE
  • Seller's Representatives: Gary J Chimeri & Michael Berndt - Paramount Properties Group

The deal involved key players from both sides, with Paul Leone representing the buyer, Daniels Health, and Gary J Chimeri alongside Michael Berndt representing the seller, Todd Andron. A note from Chimeri highlights the importance of Long Island's industrial market, emphasizing its potential for products that meet specific demands in suitable locations.

Players

Gary J Chimeri
Paramount Properties Group
Gary J Chimeri
12 deals$140.2M volume(516) 286-5177
BROKER
Paul Leone
CBRE
Paul Leone
4 deals$191M volume
BROKER
Michael Berndt
Paramount Properties Group
Michael Berndt
7 deals$38.6M volume(516) 647-1767
BROKER
Paramount Properties Group
Paramount Properties Group
BROKERAGE

Details

SOLD
IMAGE: Gary J Chimeri, Michael Berndt & Paul Leone DATE: 12/15/2025 ADDRESS: 445 Winding Road MARKET: Old Bethpage ASSET TYPE: Industrial BUYER: Daniels Health SELLER: Todd Andron BUYER'S REP: Paul Leone - CBRE (@CBRE) SELLER'S REP: Gary J Chimeri & Michael Berndt - Paramount Properties Group (@Paramount_PG) SALE PRICE: $6,691,110 SF: 23,159 ~ PPSF: $288 NOTE FROM SELLER'S REP: “Long Island Industrial will consistently thrive for sought-after products that meet the proper specs in the right location” – says Chimeri

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$356,859.19

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,772.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,719.28
Annual Debt Service$380,631.30