February 6, 2020 Comments Off on Suffolk County Industrial Fetches $5M Views: 268 Long Island, New York News, Tri-State Area New York

Suffolk County Industrial Fetches $5M

Marcus & Millichap arranged the sale of 1509 Rocky Point Rd., an industrial complex located in Middle Island, NY within Long Island’s Suffolk County. The asset sold for $5,300,000.

The transaction was brokered by Michael Tuccillo and Michael Kook of Marcus & Millichap’s Manhattan office. The duo represented both the seller, BK Holdings, and the buyer, Steve Dorf Properties.

The site is on 4.8 acres and consists of seven buildings. The facility overall has more than 40 tenants, both office and industrial.

“This transaction reinforces the current high demand for industrial properties,” said Tuccillo. “Through Marcus & Millichap’s platform we received multiple offers, which drove the price higher than anticipated.”

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