David Winzelberg //August 30, 2023
An industrial property in Deer Park has traded for $3.45 million.
The sale price, which exceeds $580 a square foot, is a high-water mark for a Deer Park industrial property, according to the brokers on the deal.
Suffolk Holdings LLC, an affiliate of a New York City-based construction company, purchased the 5,870-square-foot building on 1.44 acres at 955 Long Island Ave. The buyer is expanding and will use the property for storage of construction materials.
The building features three drive-in loading bays and the property offers ample outdoor storage space. The property was formerly used by an auto salvage and recycling company.
Lawrence Densen and Chris Mayor of Smithtown-based Island Associates represented the buyer, as well as the seller, the Estate of Joseph Marro, in the sales transaction.
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