Spiegel Associates Acquires Five-Property Industrial Portfolio In Farmingdale Hicksville Oceanside For $54,222,673

A five-property, 275,000-square-foot multi-tenant industrial portfolio has been sold in the Farmingdale, Hicksville, and Oceanside markets of New York. The total sale price was $54,222,673, resulting in a price per square foot of $197. The properties range in size from 28,000 to 100,000 square feet, and all were constructed between 1975 and 1985, with office space included in each property.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $54,222,673
• Location: 855 Conklin St., 10-22 Dubon Ct., 44-56 Central Dr., 58-64 Bethpage Rd. & 3508 Harlge Rd.
• Market: Farmingdale, Hicksville & Oceanside, NY
• Square Footage: 275,000
• Price per Square Foot: $197
• Buyer: Spiegel Associates
• Seller: Katz Family
• Brokers: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap

The Tuccillo Group of Marcus & Millichap, represented by Michael Tuccillo and Anthony Cerrone, facilitated this sale, marking the first time this portfolio has been available for sale since its construction. The portfolio has remained in the same family since it was originally built. Interested parties are encouraged to reach out for similar property opportunities on Long Island.