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Enzo Labs Sells Industrial Property At 21 Executive Boulevard In Farmingdale For $11.7M

Property Image
SOLD
$11,700,000
Joshua Cohen
Trevor Dunn
+ 1

New York

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Industrial35,900 SF
Sold 04/01/2026
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Property Image
SOLD

Enzo Labs Sells Industrial Property At 21 Executive Boulevard In Farmingdale For $11.7M

21 Executive Boulevard

See Similar Deals
Industrial35,900 SF
Sold 04/01/2026
Joshua Cohen
Trevor Dunn
+ 1
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$325
Total Square Footage:35,900 SF
Transaction Type:Sale

The transaction involved the sale of a 35,900 square foot industrial property located at 21 Executive Boulevard in Farmingdale. The sale price was $11,700,000, resulting in a price per square foot of $325.

Summary of transaction details:

James Dunn and Trevor Dunn of Atlantic Property Services collaborated with Kyle Burkhardt and Joshua Cohen from Newmark to successfully complete this transaction. The sale reflects the strong demand for industrial space on Long Island, particularly in prime locations.

Players

Kyle Burkhardt
6 deals$58.1M volume(516) 504-5299
BROKER

Joshua Cohen
Newmark
4 deals$26.9M volume(631) 673-0817
BROKER

Trevor Dunn
1 deal$11.7M volume(631) 834-2800
BROKER

James Dunn
1 deal$11.7M volume(516) 729-0079
BROKER

Details

SOLD
IMAGE: Trevor Dunn, James Dunn, Kyle Burkhardt & Joshua Cohen DATE: 4/1/2026 ADDRESS: 21 Executive Boulevard MARKET: Farmingdale ASSET TYPE: Industrial SELLER: Enzo Labs BROKERS: James Dunn & Trevor Dunn (@Trevor.Dunn_) - Atlantic Property Services (@Atlantic.Properties); Kyle Burkhardt & Joshua Cohen - Newmark (@Newmark) SALE PRICE: $11,700,000 SF: 35,900 ~ PPSF: $325 NOTE FROM BROKER: Just closed on a 35,900 SF industrial property at 21 Executive Boulevard in Farmingdale for $11.7M. Strong demand for industrial space on Long Island continues to drive deals like this, especially in prime locations like this one. Worked alongside Kyle Burkhardt and Joshua Cohen of Newmark to get this one across the finish line. Great deal all around.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$624,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,567.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,463.97
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