DXD Capital Acquires Development Site In Huntington, NY For $5.6M

A future self-storage facility in Huntington, NY has been sold in a transaction orchestrated by broker Jerry Mancini of Five Point Real Estate. The development site, located at 403 Oakwood Road, was sold to DXD Capital at a price of $5,600,000. The property spans over 74,052 square feet, resulting in a price per square foot of $76.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,600,000
• Address: 403 Oakwood Road, Huntington, NY
• Market: Huntington
• Buyer: DXD Capital
• Square Footage: 74,052
• Price per Square Foot: $76
• Broker: Jerry Mancini - Five Point Real Estate

Jerry Mancini, an Associate Broker representing Five Point Real Estate, successfully closed the deal for the future self-storage facility in his hometown of Huntington, NY. The sale was completed on a subject-to basis, allowing the seller to achieve higher proceeds than initially anticipated. Mancini's expert negotiation skills played a pivotal role in securing a sale price that exceeded the asking amount.

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