Largest Industrial Property Sales on Long Island

Exterior of 377 Carlls Path, Deer Park, NY

1. Distribution Building in Deer Park
Address: 377 Carlls Path, Deer Park, NY
Sale Date: May 30, 2023
Sale Price: $35,000,000
Price/SF: $185

PJL Realty Corp sold this distribution center to Thor Equities. The building was reportedly 100% leased at the time of sale.

The building consists of 189,500 square-feet of space and is one story tall. It was built in 1956 and later renovated in 1995. The building has 90 dock ext, 5 total drive-in doors, and a small percentage of office space.

The buyer reportedly mentioned in a press release that this building motivated them to make the purchase by the “potential of the property”, seeing that a portion of the land was undeveloped at the time of sale.

2. Warehouse in Holtsville
Address: 905 Waverly Ave, Holtsville, NY
Sale Date: June 1, 2023
Sale Price: $11,500,000
Price/SF: $230

Weiss Realty Associates LLC sold this warehouse to 905 Waverly Realty LLC. The building was reportedly vacant at the time of sale.

The building consists of 50,000 square-feet and was built in 1987. It is one story tall and is considered to be a Class B building. There are 3 dock ext, 1 total drive-in door, and the building height is 25 ft. There are 120 on-site parking spaces and the property consists of 9.32 acres of land.

Exterior of 905 Waverly Ave, Holtsville, NY

3. Industrial Warehouse in Syosset
Address: 1460 N Clinton Ave, Syosset, NY
Sale Date: May 22, 2023
Sale Price: $5,837,023
Price/SF: $149

Westbury Park Assocaites LLC sold this warehouse to Steven Dorf Properties LLC. The sale of this building was part of a 5-property portfolio.

The building consists of 40,350 square-feet and was built in 1988. It is one story tall and there are 80 on-site parking spaces. The building has 14 total drive-in doors and a clear height of 15 ft. The property is composed of 1 acre of land.

Exterior of 1460 N Clinton Ave, Syosset, NY

4. Industrial Warehouse in Syosset
Address: 90 Gordon Dr, Syosset, NY
Sale Date: April 25, 2023
Sale Price: $5,490,000
Price/SF: $149

Terminal Industrial Park Inc sold this warehouse to Jongsera Realty Corp. The building was reportedly 100% leased at the time of sale.

The building consists of 36,800 square-feet and was built in 2007. It is one story tall and is considered to be a Class B building. There are 4 dock ext, 2 drive-in doors, and the clear height is 32 ft.

There are 43 on-site parking spaces and the property is composed of 2 acres of land.

Exterior of 90 Gordon Dr, Syosset, NY

5. Industrial Warehouse in Bay Shore, NY
Address: 241 Skip Ln, Bay Shore, NY
Sale Date: May 12, 2023
Sale Price: $4,500,000
Price/SF: $281

RICK DEE BOB LLC sold this warehouse to F&J Master Sales. The building was reportedly 100% leased at the time of sale.

This warehouse building consists of 16,000 square-feet and was built in 1989. It is one story tall and has 21 on-site parking spaces. There is 1 dock ext, 3 total drive-in doors, and the building height is 23 ft.

The building sits on 1.38 acres of land.

Exterior of 241 Skip Ln, Bay Shore, NY

6. Industrial Warehouse in Farmingdale, NY
Address: 105 Schmitt Blvd, Farmingdale, NY
Sale Date: April 20, 2023
Sale Price: $4,275,000
Price/SF: $285

105 Schmitt Blvd LLC sold this warehouse to Pomei Properties Holding LLC. The building was reportedly 100% leased at the time of sale.

The building consists of 15,000 square-feet and is one story tall. It was built in 1946 and is zoned GA.

There are 2 dock ext, 1 drive-in door, and the clear height is 16 ft.

Exterior of 105 Schmitt Blvd, Farmingdale, NY

7. Manufacturing Building in Farmingdale, NY
Address: 280 Smith St, Farmingdale, NY
Sale Date: May 15, 2023
Sale Price: $3,600,000
Price/SF: $180

Backstrom Ltd sold this manufacturing building to 8020 Flatlands Property LLC. The building was reportedly 100% leased at the time of sale.

The building consists of 20,000 square-feet and is one story tall. It was built in 1968 and has 10 on-site parking spaces.

There are 3 total drive-in doors and the building height is 15 ft.

Exterior of 280 Smith St, Farmingdale, NY

8. Warehouse in Babylon, NY
Address: 355-365 Wyandanch Ave, Babylon, NY
Sale Date: April 28, 2023
Sale Price: $3,500,000
Price/SF: $175

E Leber LLC sold this warehouse to FJP Wyandanch Properties LLC. The building was reportedly 100% leased at the time of sale.

The warehouse consists of 20,000 square-feet and was built in 1953. It is one story tall, has 4 dock ext, and 5 total drive-in doors.

There are 25 on-site parking spaces and the property is composed of 1 acre of land.

Exterior of 355-365 Wyandanch Ave, Babylon, NY

9. Warehouse Building in Medford, NY
Address: 37 Cedarhurst Ave, Medford, NY
Sale Date: May 22, 2023
Sale Price: $2,832,044
Price/SF: $129

Westbury Park Associates LLC sold this warehouse to Steven Dorf Properties LLC. This property was sold as part of a 5-property portfolio.

The warehouse consists of 21,900 square-feet and is one story tall. It was built in 1984 and has 50 on-site parking spaces. There are 12 total drive-in doors and the clear height is 16 ft.

The property is composed of 4 acres of land.

Exterior of 37 Cedarhurst Ave, Medford, NY

10. Manufacturing Building in Deer Park, NY
Address: 850 Grand Blvd, Deer Park, NY
Sale Date: May 22, 2023
Sale Price: $2,542,559
Price/SF: $170

Westbury Park Associates LLC sold this manufacturing building to Steven Dorf Properties LLC. This transaction was part of a 5-property portfolio.

The building consists of 15,000 square-feet and is one story tall. It was built in 1970 and has 45 on-site parking spaces.

There are 8 total drive-in doors and the clear height is 16 ft.

The building sits on 1 acre of land.

Exterior of 850 Grand Blvd, Deer Park, NY

Buying or Selling a Commercial Property on Long Island?

American Investment Properties (AIP) Inc., was founded by Ron Koenigsberg on July 4th, 2001. AIP specializes in the sale and acquisition of commercial real estate on Long Island. Participating in over $2 billion worth of property sales to date, AIP is a well-known and highly respected name in the Long Island commercial real estate community.