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

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.