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An industrial property in East Farmingdale has sold for $3.92 million.
The buying entity, 108 Gazza LLC, which is registered to a Queens-based real estate investor, purchased the 25,536-square-foot building on 1.08 acres at 108 Gazza Blvd.
The property is fully occupied by Tangent Machine & Tool Corp., however, the company will be vacating in the next few months.
Mario Asaro of Industry One Realty represented the buyer, as well as the seller, 108 Gazza Blvd LLC, in the sales transaction.
“The building is already subdivided into three units, but it needs significant renovations,” Asaro said. “The buyer saw a good value-add opportunity in the property, which he will be seeking to lease shortly.”
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Image and article originally from libn.com. Read the original article here.