Largest Industrial Property Sales on Long Island – Q4 2024

Exterior of 158 Candlewood Rd, Bay Shore, NY

1. Candlewood Industrial Portfolio in Bay Shore, NY
Address: 158 Candlewood Rd, Bay Shore, NY 11706
Sale Date: October 23, 2024
Sale Price: $54,800,000
PSF: $221.44

Rockefeller Group sold the Candlewood Industrial Portfolio in Bay Shore, NY to NorthBridge. The portfolio consists of 2 buildings and it was reported that at the time of sale, the assets were each partially leased.

This building consists of 247,473 square-feet, is 1 story tall, and was built in 2013. The clear height is 38 ft, there are 28 dock ext, 3 total drive-in doors, and 96 on-site parking spaces.

The building sits on 13.15 acres of land and is zoned as I-1. This property is located East of the Sagtikos Pkwy and North of the Southern State Pkwy. It is also a short distance away from the Deer Park LIRR train station.

2. Office Building in Farmingdale, NY
Address: 145 Candlewood Rd, Bay Shore, NY 11706
Sale Date: October 23, 2024
Sale Price: $50,900,000
Price/SF: $162.49

This building consists of 313,246 square-feet, is 1 story tall, and was built in 2000. The clear height is 40 ft, there are 24 dock ext, and 4 total drive-in doors. There are 316 on-site parking spaces.

This building sits on 13.8 acres of land and is zoned as I-1. This property is located East of the Sagtikos Pkwy and North of the Southern State Pkwy. It is also a short distance away from the Deer Park LIRR train station and within walking distance to the Pine Aire Dr/Peck Ave bus stop.

Exterior of 145 Candlewood Rd, Bay Shore, NY

3. Warehouse in Port Washington, NY
Address: 3 Seaview Blvd, Port Washington, NY 11050
Sale Date: November 14, 2024
Sale Price: $16,000,000
Price/SF: $193.66

HJJ Global Inc sold this warehouse in Port Washington, NY to Venture One Real Estate. The building was reportedly fully-leased at the time of sale and traded at a 7.06% cap rate.

This building consists of 82,619 square-feet, is 3 stories tall, and was built in 2014. The clear height is 40 ft, there are 5 docks, and 1 total drive-in door.

The building sits on a little over 3 acres of land. This property is situated near several other industrial warehouses and manufacturing buildings. It is located North of Northern Blvd and South of the Harbor Links Golf Course.

Exterior of 3 Seaview Blvd, Port Washington, NY

4. Manufacturing Building in Westbury, NY
Address: 474 Grand Blvd, Westbury, NY 11590
Sale Date: October 31, 2024
Sale Price: $14,250,000
Price/SF: $200

A & F Realty Co. sold this manufacturing building in Wesbury, NY to Ven Chime Lin.

This building consists of 71,000 square-feet, is one story tall, and was built in 1956. The clear height is 26 ft, there are 10 dock ext, and 3 total drive-in doors. There are 70 on-site parking spaces and the building sits on 3.74 acres of land.

This property is located 1 mile away from the Westbury LIRR train station, is located North of Old Country Rd, and is West of the Wantagh State Pkwy.

Exterior of 474 Grand Blvd, Westbury, NY

5. Warehouse in Hauppauge, NY
Address: 145 Kennedy Dr, Hauppauge, NY 11788
Sale Date: October 2, 2024
Sale Price: $8,150,000
Price/SF: $205

Charles Leonard National Inc sold this warehouse in Hauppauge, NY to 145 Kennedy Drive LLC. The building was reportedly fully-leased at the time of sale.The building consists of 39,600 square-feet, is 2 stories tall, and was built in 1979. The clear height is 21 ft, there are 2 docks, and 1 total drive-in door. There are 55 on-site parking spaces and the building sits on approximately 2 acres of land.

This property is located North of the Long Island Expy and South of the Veterans Memorial Hwy. It is surrounded by various other neighborhood industrial spaces such as building materials suppliers, appliance parts suppliers, Extra Space Storage, and more.

Exterior of 145 Kennedy Dr, Hauppauge, NY

6. Showroom in Smithtown, NY
Address: 395 E Middle Country Rd, Smithtown, NY 11787
Sale Date: November 15, 2024
Sale Price: $6,400,000
Price/SF: $182.86

Dragon China sold this showroom in Smithtown, NY to 395 Middle Country LLC. It was reported that the buyer was drawn to this property due to its current tenants occupying part of the building at the time of sale. The buyer also has plans to move into a part of the building with their own operations.

This building consists of 35,000 square-feet, is 1 story tall, and was built in 1969. The clear height is 18 ft, there are 2 dock ext, and 4 total drive-in doors. There are 2 truck wells at this property and there are 58 on-site parking spaces.

This property is situated North of the Smithtown Bypass and is located a short distance from the heart of Smithtown. It is located under 2 miles from the Smithtown LIRR train station.

Exterior of 395 E Middle Country Rd, Smithtown, NY

7. Manufacturing Building in Ronkonkoma, NY
Address: 70 Air Park Dr, Ronkonkoma, NY 11779
Sale Date: December 13, 2024
Sale Price: $5,050,000
Price/SF: $221

S & M Air Park LLC sold this manufacturing building in Ronkonkoma, NY to an undisclosed buyer.

The building consists of 22,786 square-feet, is 1 story tall, and was built in 1982. The clear height is 16 ft, there are 2 dock ext, and 2 total drive-in doors. There are 50 on-site parking spaces. The building sits on 1.46 acres of land.

This property is located North of the Veterans Memorial Hwy and just South of the Long Island MacArthur Airport. It is located near several neighborhood amenities and other industrial buildings such as wholesalers, manufacturers, engineering consultants, and more.

Exterior of 70 Air Park Dr, Ronkonkoma, NY

8. Manufacturing Building in New Hyde Park, NY
Address: 110 Denton Ave, New Hyde Park, NY 11040
Sale Date: October 10, 2024
Sale Price: $3,600,000
Price/SF: $288

Sound Refrigeration sold this manufacturing building in New Hyde Park, NY to CMP Corona Realty LLC. The building was reportedly vacant at the time of sale.

This building consists of 12,500 square-feet, is 1 story tall, and was built in 1963. The clear height is 16 ft, there is 1 dock ext, and 1 total drive-in door. There are 15 on-site parking spaces and the building sits on 0.36 acres of land.

This property is situated North of Jericho Tpke and is equidistant to the New Hyde Park LIRR and Merillon Ave train stations. It is also located near other industrial spaces such as Storage America, recycling centers, manufacturers, and more.

Exterior of 110 Denton Ave, New Hyde Park, NY

9. Warehouse in Center Moriches, NY
Address: 26 Frowein Rd, Center Moriches, NY 11934
Sale Date: October 15, 2024
Sale Price: $3,550,000
Price/SF: $85.54

MRT 81 Corp sold this warehouse in Center Moriches, NY to Anchor Capital Group. The building was reportedly fully-leased at the time of sale.

This warehouse consists of 41,500 square-feet, is 1 story tall, and was built in 1928. The clear height is 26 ft, there are 10 dock ext, and 2 leveler ext. The building sits on just under 3 acres of land.

This building is located North of Montauk Hwy but South of Sunrise Hwy. It is surrounded by other industrial buildings such as Self Storage facilities, garage door suppliers, electricians, and more.

Exterior of 26 Frowein Rd, Center Moriches, NY

10. Showroom in Rocky Point, NY
Address: 431 Rt-25a, Rocky Point, NY 11778
Sale Date: October 8, 2024
Sale Price: $2,300,000
Price/SF: $188.52

RB Bethpage Realty LLC sold this showroom in Rocky Point, NY to Revco Lighting and Electrical Supply. The building was reportedly vacant at the time of sale.

This building consists of 12,200 square-feet, is 2 stories tall, and was built in 1980. The clear height is 18 ft and there are 2 total drive-in doors. There are 22 on-site parking spaces and the building sits on 0.70 acres of land.

This building is surrounded by various neighborhood amenities and retail spaces such as McDonald’s, pet stores, diners, Kohl’s, Walgreens, and more. The NYS 25A/Hallock Landing Rd bus stop is located within walking distance to this property.

Exterior of 431 Rt-25a, Rocky Point, NY

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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.