Kevin DeNeergaard Purchases Multifamily Asset In Bay Shore From Progressive Housing For $3.4M

The transaction involved a multifamily property located at 50 Center Avenue in the Bay Shore market. The asset was sold for $3,400,000, comprising 12 units and totaling 5,014 square feet. The price per unit stood at $283,333, while the price per square foot was $678.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Units: 12
• Square Feet: 5,014
• Price Per Unit: $283,333
• Price Per Square Foot: $678
• Buyer: Kevin DeNeergaard
• Seller: Progressive Housing
• Broker: Tom Bigansky - North Village Realty

Tom Bigansky from North Village Realty represented the seller, Progressive Housing, in this transaction. North Village Realty has a specialization in commercial investment sales on the South Shore of Long Island. Interested parties considering a sale may direct message Tom Bigansky for a complimentary BOV.