Cushman & Wakefield Facilitates $3.95M Sale Of Development Site In Melville

590 Long Island Avenue, located in Medford, NY, has been sold for $3,950,000. This development site consists of two adjacent parcels, totaling approximately 12.68 acres of raw land. The property is strategically positioned along Long Island Expressway South Service Road (I-495), between Horseblock Road and Sills Road. With unparalleled direct frontage and outstanding accessibility, it offers immense potential for renewable and sustainable energy development.

Summary of transaction details:

• Property Type: Development Site
• Sale Price: $3,950,000
• Square Footage: 552,341
• Price Per Acre: $311,514
• Address: 590 Long Island Avenue, Medford, NY
• Market: Melville
• Seller: Robert Gerard
• Brokers: Daniel Abbondandolo, Rob Cullen, David Pennetta, Stephen Cadorette - Cushman & Wakefield

The successful closing of this transaction was facilitated by Team Abbondandolo and Team Pennetta of Cushman & Wakefield. They are proud to have played a pivotal role in this deal, ensuring the smooth and efficient execution of the transaction.