Brad Gruber Acquires Hauppauge, LI Industrial Property From Rubin Family For $7.35M

Located at 50 Commerce Dr in Hauppauge, LI, this industrial property was recently sold in a closed transaction. The property spans 55,000 square feet and was sold for a price of $7.35 million, resulting in a price per square foot of $133. The transaction took place on February 28, 2019.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $7.35 million
• Square Footage: 55,000
• Price Per Square Foot: $133
• Address: 50 Commerce Dr, Hauppauge, LI

The seller of the property was the Rubin Family, while the buyer was Brad Gruber. The deal was facilitated by Gary J Chimeri from Alliance Real Estate Corp and Howard Nemshin from Atlantic Properties acting as brokers representing the respective parties involved in the transaction.