YMCA Of Long Island Acquires Office Building From U Kitchen Elmont Road For $4.82M

The property asset involved in this transaction is an office located at 570 Elmont Road in the Elmont market. The sale price was $4,820,000, incorporating a total square footage of 18,000 and a price per square foot of $267.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $4,820,000
• Address: 570 Elmont Road
• Market: Elmont
• Square Footage: 18,000
• Price Per Square Foot: $267
• Buyer: The YMCA of Long Island
• Seller: U Kitchen Elmont Road
• Buyer's Representative: Daniel Oliver & Scott Berfas - Newmark
• Seller's Representative: Chip Entwistle - ACC Space

This transaction involves key representatives including Daniel Oliver and Scott Berfas from Newmark, who acted as the buyer's representatives, and Chip Entwistle from ACC Space, who represented the seller. A notable aspect of this deal is the commitment from the New York Islanders and New York Arena Partners (NYAP) to develop a community center at this location in partnership with the YMCA of Long Island.