Lifestyles Sports Purchases Retail Property In Farmingdale From Safavieh Family For $3.65M

The property asset sold is a retail space located at 110 Broadhollow Road in Farmingdale, consisting of 1.39 acres. It has a total square footage of 18,500 and was transacted for $3,650,000, resulting in a price per square foot of $197.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,650,000
• Address: 110 Broadhollow Road
• Market: Farmingdale
• Square Footage: 18,500
• Price Per Square Foot: $197
• Buyer: Lifestyles Sports
• Seller: Safavieh family
• Buyer's Representative: Jesse Moss - Oxford Property Group
• Seller's Representatives: Jimmy Aug & Stu Fagen - Sabre Real Estate Group

Lifestyles Sports is a company led by its second generation, and with this purchase, it aims to expand by tripling its production space to enhance capacity and service all of Long Island.