facebook
Traded Co logo
Submit

Leon Minglu Yu Acquires Industrial Property At 603 Chestnut Street Garden City For $3.5M

Property Image
SOLD
$3,500,000

New York

See Similar Deals
Industrial13,920 SF
Sold 10/30/2025
the dealplayerscompscontact
Property Image
SOLD

Leon Minglu Yu Acquires Industrial Property At 603 Chestnut Street Garden City For $3.5M

603 Chestnut Street

See Similar Deals
Industrial13,920 SF
Sold 10/30/2025
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$251
Total Square Footage:13,920 SF
Transaction Type:Sale

This industrial warehouse located at 603 Chestnut Street, Garden City, was sold for $3,500,000. The property encompasses approximately 13,920 square feet and is situated on a lot size of around 17,424 square feet. It was delivered vacant at closing, presenting a unique opportunity for the buyer. The building boasts a clear ceiling height of 15 feet, an 800A power supply, and features a single drive-in door, with convenient access to major highways, the Long Island Rail Road, and JFK Airport.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Address: 603 Chestnut Street
  • Market: Garden City
  • Square Footage: 13,920
  • Price Per Square Foot: $251
  • Buyer: Leon Minglu Yu
  • Seller: Russ Schreiber
  • Seller's Representatives: Daniel Abbondandolo, Joegy Raju & John Giannuzzi - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, representing the seller in the deal. The team's expertise contributed to securing a buyer for this vacant industrial property, which offers significant potential for use in central Nassau County.

Players

Daniel Abbondandolo
84 deals$509.6M volume(631) 425-1232
BROKER

Joegy Raju
Cushman & Wakefield
43 deals$302.6M volume
BROKER

John Giannuzzi
Cushman & Wakefield
10 deals$54.2M volume
BROKER

Details

SOLD
IMAGE: Joegy Raju, Daniel Abbondandolo & John Giannuzzi DATE: 10/30/2025 ADDRESS: 603 Chestnut Street MARKET: Garden City ASSET TYPE: Industrial BUYER: Leon Minglu Yu SELLER: Russ Schreiber SELLER'S REP: Daniel Abbondandolo (@LongIslandInvestmentSales), Joegy Raju (@Jogity103) & John Giannuzzi (@JohnGiannuzzi__) - Cushman & Wakefield (@CushWake) SALE PRICE: $3,500,000 SF: 13,920 ~ PPSF: $251 NOTE FROM SELLER'S REP: Cushman & Wakefield is proud to announce the sale of 603 Chestnut Street, Garden City for $3,500,000 ($251 / SF). This ±13,920 SF industrial warehouse, situated on a ±17,424 SF lot, was delivered vacant at closing — offering the buyer a rare end-user opportunity in central Nassau County. Featuring 15’ clear ceiling height, 800A power, and a single drive-in door, the property is ideally located with immediate access to major highways, the LIRR, and JFK Airport. For more information, please reach out directly to the exclusive brokers.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43