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.
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.