Largest Industrial Property Sales on Long Island - Q2 2024

Exterior of 125 Baylis Rd, Melville, NY

1. Distribution Building in Melville, NY
Address: 125 Baylis Rd, Melville, NY 11747
Sale Date: May 3, 2024
Sale Price: $44,000,000
PSF: $425

Creation Equity sold this distribution center to BentallGreenOak. The building was reportedly fully-leased at the time of sale.

This building consists of 103,500 square-feet, is one story tall, and construction began on this property in 2022. The building is currently still under construction but is set to open in October of 2024.

There are 20 dock ext, 2 total drive-in doors, and a clear height of 32 ft.

The building sits on approximately 8.18 acres of land and is zoned for I1.

This property is located East of Broadhollow Rd and South of the Long Island Expy.

2. Manufacturing Building in Westbury, NY
Address: 95 State St, Westbury, NY 11590
Sale Date: May 24, 2024
Sale Price: $9,600,000
Price/SF: $154

Metpar Corp sold this manufacturing building in Westbury to Dowell Kitchen & Bath. The property was reportedly fully-leased at the time of sale.

The building consists of 62,265 square-feet, is one story tall, and was built in 1951.

There are 5 dock ext, 8 total drive-in doors, 5 leveler ext, and a clear height of 14 ft.

The building sits on 1.81 acres of land. This property is located West of the Wantagh State Pkwy and South of the Northern State Pkwy. It is also located under 2 miles from the Westbury train station.

Exterior of 95 State St, Westbury, NY

3. Warehouse Building in Holtsville, NY
Address: 885 Waverly Ave, Holtsville, NY 11742
Sale Date: June 7, 2024
Sale Price: $9,000,000
Price/SF: $180

Double G Properties sold this warehouse in Holtsville to Nassau Provisions Kosher Foods Inc. The property was reportedly on the market for 11 months. It was also reported that the buyer plans to extend their operations with this property being their second acquired location on Long Island.

This warehouse consists of 50,000 square-feet, is one story tall, and was built in 1978.

There are 4 dock ext, 1 total drive-in door, and a clear height of 26 ft.

There are 65 on-site parking spaces and the building sits on 2.9 acres of land.

Exterior of 885 Waverly Ave, Holtsville, NY

4. Manufacturing Building in Glen Cove, NY
Address: 20-150 Pratt Oval, Glen Cove, NY 11542
Sale Date: April 11, 2024
Sale Price: $8,700,000
Price/SF: $128

LMG Management LTD sold this manufacturing building in Glen Cove to R.E. Management. The property was reportedly 100% leased at the time of sale. It was also reported that the buyer was attracted to this property by the financial investment opportunity it possessed.

The building consists of 68,000 square-feet, is two stories tall, and was built in 1904. It was later renovated in 2001.

There is 1 dock ext and a clear height of 14 ft. There are 90 on-site parking spaces and the building is zoned as Light Industrial.

This property is located near the Glen Cove Hospital, Nassau Country Club, & Welwyn park & Preserve.

Exterior of 20-150 Pratt Oval, Glen Cove, NY

5. Manufacturing Building in Deer Park, NY
Address: 105 E Jefryn Blvd, Deer Park, NY 11729
Sale Date: June 4, 2024
Sale Price: $8,000,000
Price/SF: $200

The Nanz Company sold this manufacturing building in Deer Park to Faropoint. The building was reportedly fully-leased at the time of sale.

The building consists of 39,922 square-feet, is one story tall, and was built in 1977.

There are 3 dock ext, 2 total drive-in doors, and a clear height of 18 ft.

There are 50 on-site parking spaces and the building sits on 2.20 acres of land.

This property is located just South of the Tanger Outlets in Deer Park and within 1 mile of the Deer Park train station.

Exterior of 105 E Jefryn Blvd, Deer Park, NY

6. Manufacturing Building in Huntington Station, NY
Address: 15 Stepar Pl, Huntington Station, NY 11746
Sale Date: June 20, 2024
Sale Price: $6,600,000
Price/SF: $171

Kyocera AVX sold this manufacturing building in Huntington Station to Skipjack Properties LLC.

The building is composed of 38,700 square-feet, is one story tall, and was built in 1966.

The clear height is 16 ft and there are 150 on-site parking spaces.

The building sits on approximately 2 acres of land and is zoned as I5.

This property is located North of Jericho Tpke, West of Route 110, and is 1.5 miles from the Huntington Station train station.

Exterior of 15 Stepar Pl, Huntington Station, NY

7. Service Industrial Building in Bohemia, NY
Address: 200 Knickerbocker Ave, Bohemia, NY 11716
Sale Date: April 5, 2024
Sale Price: $6,500,000
Price/SF: $211

Steven Dorf Properties LLC sold this industrial building in Bohemia to Shiming Chen.

The building consists of 30,800 square-feet, is one story tall, and was built in 1986. There are 2 dock ext, 1 total drive-in door, 2 leveler ext, and the building height is 30 ft.

There are 62 on-site parking spaces and the building sits on approximately 2 acres of land.

This property is surrounded by various other industrial spaces and is situated between the Veterans Memorial Hwy & Sunrise Hwy.

Exterior of 200 Knickerbocker Ave, Bohemia, NY

8. Warehouse Building in Farmingdale, NY
Address: 200 Central Ave, Farmingdale, NY 11735
Sale Date: June 17, 2024
Sale Price: $5,875,000
Price/SF: $235

The Town of Babylon Industrial Development Agency sold this warehouse building in Farmingdale to Upper Restoration. The building was reportedly vacant at the time of sale. It was also reported that the buyer plans on using half of the property and leasing the other half.

The building consists of 25,051 square-feet, is one story tall, and was built in 1947. There is 1 dock ext, 3 total drive-in doors, and a clear height of 14 ft 5 inches.

There are 46 on-site parking spaces and the building sits on 1.3 acres of land.

This property is surrounded by various other industrial spaces and is located within walking distance to the Pinelawn train station.

Exterior of 200 Central Ave, Farmingdale, NY

9. Manufacturing Building in Farmingdale, NY
Address: 95 Verdi St, Farmingdale, NY 11735
Sale Date: May 11, 2024
Sale Price: $3,700,000
Price/SF: $285

Seanair Machine Co. Inc. sold this manufacturing building in Farmingdale to AIC Ventures. The property was reportedly fully-leased at the time of sale.

This building consists of 13,000 square-feet, is one story tall, and was built in 1947. There are 3 total drive-in doors and the building height is 17 ft.

There are 22 on-site parking spaces and the building sits on approximately 1 acre of land.

This property is located North of the Southern State Pkwy, East of Broadhollow Rd, and just South of Republic Airport.

Exterior of 95 Verdi St, Farmingdale, NY

10. Warehouse Building in Hauppauge, NY
Address: 200 Oser Ave, Hauppauge, NY 11788
Sale Date: April 12, 2024
Sale Price: $3,500,000
Price/SF: $233

Aljim Assoc sold this warehouse building in Hauppauge to 200 Oser LLC. The property was fully-leased at the time of sale.

This warehouse consists of 15,000 square-feet, is one story tall, and was built in 1979. There is 1 dock ext, 1 total drive-in door, and a clear height of 16 ft.

There are 46 on-site parking spaces and the building sits on 1 acre of land. This property is located East of the Northern State and Sunken Meadow State Pkwys, North of the Long Island Expy, and South of the Veterans Memorial Hwy.

Exterior of 200 Oser Ave, Hauppauge, 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.