1500 Ocean Ave. Bohemia / Google Maps image
March 10, 2022
An industrial/flex property in Bohemia has sold for $2.525 million.
MGS LLC, an entity registered to a Westbury-based commercial real estate investor, purchased the 16,000-square-foot building on 1.5 acres at 1500 Ocean Ave.
The multi-tenant building is fully occupied. The sale price equates to a 7 percent cap rate.
Luciano Oliverio of Paramount Properties Group represented the buyer, while Matthew Shane of All Island Realty represented seller 1500 Ocean Avenue LLC in the sales transaction.