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

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.