Amardeep Singh Acquires Industrial Property In Holtsville For $11.15M

A sale transaction closed in Holtsville, involving an industrial property located at 905 Waverly Avenue. The property spans 50,000 square feet, with a sale price of $11,150,000, equating to a price per square foot of $223. The buyer in this transaction was Amardeep Singh, while the seller was William Weiss. Paramount Properties Group represented both parties in the deal, with Gary J Chimeri and Luciano Oliverio serving as brokers.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $11,150,000

Paramount Properties Group, represented by brokers Gary J Chimeri and Luciano Oliverio, facilitated the successful sale of the industrial property on Waverly Avenue. Chimeri mentioned that their approach involved offering the land and building as a combo, while also providing the option for the land to be sold separately for development purposes. This strategy expanded the buyer pool and contributed to the transaction's success.