Exclusively Listed By:Guy Canzoneri| Managing PartnerFive Point Real Estateguy@fivepointre.com

225 Buffalo Avenue, Freeport NYUser Opportunity – Asking $5,495,000

Exclusively Listed By:John Abbate | Sales AgentFive Point Real Estateguy@fivepointre.com

Five Point Real Estate is a leading commercial real estate firm located in Melville, New York focused on the sale and management of income producing properties. Concentrated in Long Island’s Nassau and Suffolk counties, the firm specializes in selling all asset classes including multi-family apartment buildings, retail strip centers, retail grocery anchored shopping centers, net leased investments, medical office buildings, multi-tenant office buildings, special use properties such as sports facilities and land and development deals.

In addition to the brokerage and sale of investment properties, Five Point Real Estate’s core services include Property Management, Portfolio and individual property evaluations and opinions of value, and 1031 Exchange guidance and advisory services. Using state of the art web based technologies, Five Point offers value add services allowing local and out of state owners of properties located in Nassau and Suffolk counties to collect revenues stress and hassle free. If you are interested in our Property Management services, please email us at info@fivepointre.com.

Five Point Real Estate’s Principals have guided dozens of clients through the complete life-cycle of a 1031 exchange including initial tax benefits of a proposed sale, corporate entity and structure review in advance of disposition, client engagement for the sale of the asset, and then replacement property identification and acquisition. Five Point Real Estate’s deep network of professional colleagues include legal, accounting and qualified intermediary support required to effectively and successfully navigate the complexities of a 1031 tax free exchange. For more information, please email info@fivepointre.com.

If you are an active investor or property owner on Long Island in Nassau or Suffolk counties, Five Point Real Estate is your preferred team to help you acquire new investments to add to your portfolio. Our team consistently canvases different territories throughout Nassau and Suffolk where each agent is a local expert and discuss the nuances and unique qualities for their respective territory. For owners who are looking to sell their property, our knowledge, expansive buyer database, and market leading Client 360 review results in maximum value for sellers and in turn smooth transitions into 1031 replacement properties.

The principals of Five Point Real Estate have combined 50 years of commercial real estate and investment sales experience. The Long Island commercial real estate market has evolved over the last 25 years and gone through many cycles where certain asset types increased dramatically in value while others did not. Local politics have changed over time resulting in greater benefit for certain areas and properties. The only way to experience and obtain the ability to anticipate market changes is to live through those market cycles. That is what our expertise is based upon – our abilities to assess past transactions – both success and failure – and apply scenarios to the future. This results in high probabilities of success for our clients and future customers.

DisclaimerThe information herein does not constitute an offer, representation, or warranty, and Five Point Real Estate of NY LLC cannot and does not guarantee the completeness or accuracy of any information contained herein. Prospective purchasers should independently verify all information pertaining to the subject property; and may do so through, among other sources, available public records from the applicable municipality.

Corey GluckstalManaging Partner at Five Point Real Estate

Corey Gluckstal most recently founded and built a boutique investment sales brokerage based out of Garden City, NY. From 2012 to 2017, Gluckstal and his partner Guy Canzoneri closed over 150 transactions valued at nearly $500 million of aggregate real estate. During that time, Corey built training programs and a technology platform that is entirely unique to the Long Island commercial brokerage industry. The platform has evolved over time and now serves as the backbone of Five Point Real Estate.

Prior to that, he and Mr. Canzoneri led the Investment Sales Division for Sperry Van Ness, a California based national commercial real estate brokerage firm. Since 1997, Mr. Gluckstal has held executive positions at several corporations including Sleepy’s, the nation’s largest mattress retailer, and Estee Lauder Companies where he earned a reputation as an entrepreneurial, results oriented leader driving corporate growth & expansion. His responsibilities included supply chain management, corporate and capital budgeting, and warehouse expansion and site selection.

Corey is a Partner and Owner of a private developer and owner of multi-family properties in the Southeast U.S. and holiday apartments in Barbados, West Indies. He is an MBA in Finance from the Frank G. Zarb School of Business at Hofstra University where he focused on Investment Banking and Capital Markets.

Guy CanzoneriManaging Partner at Five Point Real Estate

Guy Canzoneri most recently founded and built a boutique investment sales brokerage based out of Garden City, NY. From 2012 to 2017, Canzoneri and Gluckstal closed over 150 transactions valued at nearly $500 million of aggregate real estate. For over 20 years Mr. Canzoneri has been identified as a leading investment sales broker in the NYC/Metro region with specific focus on multi-family complexes, shopping centers and single tenant net lease properties. Prior to 2012,

Mr. Canzoneri and Mr. Gluckstal led the Investment Sales Division for Sperry Van Ness, a California based national commercial real estate brokerage firm. Before starting up sales for SVN, he spent fifteen years at Robert FloreaInvestment Realty Inc., a boutique investment sales firm based out of Long Island, NY and Breslin Realty in Garden City, NY where he worked directly for Wilbur Breslin on regional market research and tenant analysis.

Guy brings a wealth of knowledge and relationships that are unmatched in the NYC Metro/Long Island markets.

DisclaimerThe information herein does not constitute an offer, representation, or warranty, and Five Point Real Estate of NY LLC cannot and does not guarantee the completeness or accuracy of any information contained herein. Prospective purchasers should independently verify all information pertaining to the subject property; and may do so through, among other sources, available public records from the applicable municipality.

Property Characteristics

Section Block and Lot 2009-62-D-00-0413-0

Zoning Light Industrial

Lot Size (SF) 1.37 AC

Parking Spaces Twenty Three (23)

Loading 2 Docks and 2 Drive Ins

Utilities Gas and Electric

Power 1200 Amp

Sewer Yes

Ceiling Height 14' - 15'

Sprinklered Fully

Real Estate Taxes

General 112,866.83$

Property DescriptionFive Point Real Estate is proud to bring to market 225 Buffalo Avenue. This ~43,000 square foot industrial building is conveniently located in Freeport’s industrial park. Formally used as a cosmetic manufacturing warehouse, this immaculate building is well suited for any light industrial use.

225 Buffalo Avenue offers several executive offices and more than ample employee workspace in the form of a pit area as well as smaller offices. There is a fully-equipped kitchen, numerous bathrooms throughout and a conference room. Overall, this building provides an excellent office component for all executives and employees needed to run a smooth operation.

The warehouse portion of 225 Buffalo could not be more impressive. Current ownership has taken tremendous pride in this building, and it shows. If ever there was a problem, ownership addressed it immediately. There is little to NO deferred maintenance. You will find upgraded power (1200 AMP) throughout, with two electric meters and a sub panel. There are brand new (Gas) Modine ceiling hanging heaters as well as a sprinkler system throughout the entire building. The floors and walls have all been painted and look extremely clean. The warehouse benefits from high-pressure sodium lighting. The building is located within Freeport’s Village electric district, keeping the utility costs in check. The ~43,000-sf light industrial warehouse also benefits from two loading docks as well as two drive-in overhead doors.

If you are in the market for a warehouse manufacturing, distribution or even cold storage warehouse, this property is a must-see. The building is priced very competitively when compared to similar buildings on the market, while being in far better condition to its comparables.

225 Buffalo Avenue, Freeport Asking: $5,495,000

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