SOLD
Metropolitan Realty Associates Acquires Industrial Property In Long Island For $14M
5 Inez Drive
Industrial
94,000 SF
94,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
94,000 sqft
The industrial property located at 5 Inez Dr. in Long Island has been sold in a recent transaction. The property spans 94,000 square feet and was sold for a sale price of $14,000,000, resulting in a price per square foot of $148. The transaction took place between Metropolitan Realty Associates, represented by Joseph Farkas, Paul Jaffe, and Angelo Gordon, and Adscott Realty Company, represented by Scott Roth.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Address: 5 Inez Dr., Long Island
- Market: Long Island
In this deal, Metropolitan Realty Associates, led by Joseph Farkas, Paul Jaffe, and Angelo Gordon, acted as the buyer. They were represented by Michael Ventricelli from Cushman & Wakefield. On the other hand, the seller, Adscott Realty Company, was represented by Richard Cohen from Ashlind Properties.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Joseph Farkas, Paul Jaffe & Angelo Gordon
DATE: 08/06/2021
ADDRESS: 5 Inez Dr.
MARKET: Long Island
ASSET TYPE: Industrial
BUYER: Metropolitan Realty Associates - Joseph Farkas, Paul Jaffe & Angelo Gordon
SELLER: Adscott Realty Company - Scott Roth
BUYER’S REP: Michael Ventricelli - Cushman & Wakefield
SELLER’S REP: Richard Cohen - Ashlind Properties
ASKING PRICE: $17,500,000
SALE PRICE: $14,000,000
SF: 94,000 ~ PPSF: $148View on map
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Address5 Inez Drive
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