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Silverman Group Acquires Long Island Industrial Portfolio From Sherwood Equities For $76M

95-99 Sherwood Avenue
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This Industrial property located in NY was sold for $76,000,000 over 1 year ago. The brokers of the deal were Adam Spies, Gary Gabriel, Adam Doneger, Kyle Schmidt, and Rachel Humphrey

The industrial property located at 95-99 Sherwood Ave., 1636-1640 New Highway, 1642-1646 New Highway, 216-218 Sherwood Ave., 25-33 Dubon Court, 42-46 Central Ave., 1219–1235 Walt Whitman Road, 226–232 Sherwood Ave., and 148–175 Milbar Blvd in Long Island has been sold.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $76,000,000
  • Square Footage: 372,000 SF
  • Price Per Square Foot: $204
  • Market: Long Island

The buyer of the property was the Silverman Group, while the seller was Sherwood Equities. The sale was facilitated by the brokers Adam Spies, Gary Gabriel, Adam Doneger, Kyle Schmidt, and Rachel Humphrey from Cushman & Wakefield.

The industrial property was acquired for a total price of $76,000,000, with a square footage of 372,000. The transaction had a price per square foot of $204. The location of the property is in Long Island, a prominent market for industrial assets.

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Deals
  • Location
    95-99 Sherwood Avenue95-99 Sherwood Avenue
  • Sale Price
    $76,000,000$76,000,000
    $204 PPSF$204 PPSF
  • Area
    372,000 SF372,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Rachel Humphrey

Rachel Humphrey

Deals10
Financed$2.3B

Kyle Schmidt

Kyle Schmidt

Deals17
Financed$977.8M

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agencies

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: Adam Spies, Adam Doneger, Gary Gabriel, Kyle Schmidt & Rachel Humphrey DATE: 08/10/2022 ADDRESS: 95-99 Sherwood Ave., 1636-1640 New Highway, 1642-1646 New Highway, 216-218 Sherwood Ave., 25-33 Dubon Court, 42-46 Central Ave., 1219–1235 Walt Whitman Road, 226–232 Sherwood Ave. & 148–175 Milbar Blvd MARKET: Long Island ASSET TYPE: Industrial BUYER: Silverman Group SELLER: Sherwood Equities BROKERS: Adam Spies, Gary Gabriel, Adam Doneger (@ADoneger), Kyle Schmidt & Rachel Humphrey - Cushman & Wakefield (@CushWake) SALE PRICE: $76,000,000 SF: 372,000 ~ PPSF: $204

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95-99 Sherwood Avenue

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