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

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.