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Form Solutions Acquires Industrial Property In New Hyde Park From Denton Stone Works For $1.7M

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SOLD
$1,745,000

New York

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Industrial7,489 SF
Sold 12/07/2019
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SOLD

Form Solutions Acquires Industrial Property In New Hyde Park From Denton Stone Works For $1.7M

94 Denton Avenue, New Hyde Park, NY, USA

See Similar Deals
Industrial7,489 SF
Sold 12/07/2019
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:7,489 SF
Transaction Type:Sale

The industrial property located at 94 Denton Avenue in New Hyde Park has been sold. The sale was completed on December 7, 2019. The property, consisting of a 7,500 square foot warehouse on a 15,000 square foot plot, was delivered vacant to the buyer. The market value of the property is $1,745,000, resulting in a price per square foot of $233.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,745,000
  • Date: 12/7/19
  • Address: 94 Denton Avenue
  • Market: New Hyde Park

The seller of the property was Denton Stone Works, represented by Bog Kaczer. The buyer, Form Solutions, was represented by Adi Piatek. TEK Realty Advisors, Premier CRE, and Harvest International were the brokers involved in this deal, with Theo Kontis and Vincenzo Amato representing the buyer and seller. TEK Realty Advisors (TEKRA) is now marketing the property for lease. It's worth noting that TEKRA has previously completed the sale of three parcels totaling 2.77 Acres for $11,000,000 in July 2018.

Players

Vincenzo Amato
7 deals$72.7M volume
BROKER

Theo Kontis
TEK Realty Advisors TEKRA
6 deals$72.7M volume(718) 204-6611
BROKER

Theo Kontis
TEK Realty Advisors TEKRA
6 deals$72.7M volume(718) 204-6611
BROKER

Details

SOLD
IMAGE: Theo Kontis and Vincenzo Amato DATE: 12/7/19 ADDRESS: 94 Denton Avenue MARKET: New Hyde Park ASSET TYPE: Industrial SELLER: Denton Stone Works - Bog Kaczer BUYER: Form Solutions - Adi Piatek BROKERS: Theo Kontis & Vincenzo Amato of TEK Realty Advisors (@TEKRA_NY), Premier CRE & Harvest International NOTES: The 7,500 SF warehouse on a 15,000 SF plot was delivered vacant and TEKRA is now marketing the property for lease. TEKRA has been active in Western Nassau County’s industrial and development market. In July 2018, TEKRA completed the sale of three parcels totaling 2.77 Acres for $11,000,000. PRICE: $1,745,000 SF: 7,489 ~  PPSF: $233

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