GB Family Office Holdings & Fairfield Properties Acquire Mixed-Use Asset In Smithtown For $42M

The mixed-use property located at 102 West Main Street in Smithtown sold for $42,000,000. The asset consists of 62 units and encompasses a total square footage of 91,992, resulting in a price per unit of $677,419 and a price per square foot of $456.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,000,000
• Units: 62
• Price per Unit: $677,419
• Square Footage: 91,992
• Price per Square Foot: $456
• Buyer: GB Family Office Holdings & Fairfield Properties
• Seller: The DiCarlo Family
• Broker: Michael Tuccillo - Marcus & Millichap

The transaction was facilitated by Michael Tuccillo, who represented the interests of the buyer and played a key role through Marcus & Millichap in the sale of this asset in Smithtown, NY. Clients interested in similar investment opportunities on Long Island are encouraged to reach out for further assistance.