Rasik Patel Acquires Industrial Warehouse At 50 Ranick Dr East For $2.7M | 50 Ranick Drive East | Connor Sullivan, Rob Cullen, Joe Musso, Joegy Raju, Daniel Abbondandolo, Victor Little | Industrial | Sale

Summary

Sale

NEW YORK

Industrial

16,400 sqft

The Estate of Rose Emanuel has sold a fully occupied industrial warehouse in Southwest Suffolk. Located at 50 Ranick Dr East in Amityville, the property spans 16,400 square feet and is zoned for industrial use. The building features 1 external loading dock and sits on a 36,721 square foot lot with 26 parking spaces. The buyer, Rasik Patel, purchased the entire warehouse, resulting in a transaction worth $2,700,000 or $165 per square foot.

Summary of transation details

Property Type: Industrial
Transaction Amount: $2,700,000
Address: 50 Ranick Dr East, Amityville
Market: Southwest Suffolk
Buyer: Rasik Patel
Seller: Estate of Rose Emanuel
Brokers: Dan Abbondandolo, Joe Musso, Joegy Raju, Connor Sullivan, Rob Cullen & Victor Little - Cushman & Wakefield

Representing the seller in this transaction, the brokerage team of Dan Abbondandolo, Joe Musso, Joegy Raju, Connor Sullivan, Rob Cullen, and Victor Little from Cushman & Wakefield facilitated the sale of 50 Ranick Dr East. For more information about this transaction, please contact the exclusive brokers directly.

Players

All
7

Agents
6
Agencies
1

$35.1M Sold

$102.1M Sold

$104.4M Sold

$153.3M Sold

$330.5M Sold

$134.3M Sold

Details

Deal Summary

SOLD

IMAGE: Dan Abbondandolo & Victor Little DATE: 10/13/2022 ADDRESS: 50 Ranick Dr East MARKET: Southwest Suffolk ASSET TYPE: Industrial BUYER: Rasik Patel SELLER: Estate of Rose Emanuel BROKERS: Dan Abbondandolo (@TeamAbbondandolo), Joe Musso (@JoeMusso), Joegy Raju (@JoegyRaju), Connor Sullivan (@Jammin32), Rob Cullen (@Cullen127) & Victor Little (@Victor.R.Little) - Cushman & Wakefield (@CushWake) SALE PRICE: $2,700,000 SF: 16,400 ~ PPSF: $165 NOTE FROM BROKER: TEAMABBONDANDOLO successfully represented the seller in the disposition of 50 Ranick Drive East, Amityville. The asset traded hands for $2,700,000 | $165 / SF, driven by a tenant that purchased the entire warehouse. The asset is a fully occupied industrial warehouse spanning 16,400 square feet. Zoned Industrial, the building features 1 external loading dock and is positioned on a 36,721 SF lot improved with 26 parking spaces. For more information about this transaction, please reach out to the exclusive brokers directly.

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Address50 Ranick Drive East

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