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THE BLUEPRINT:
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Faropoint purchased two industrial buildings at 100 and 110 Wilbur Place for $17.5 million
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The 73,811-square-foot portfolio is fully occupied by New York Tent in a sale-leaseback
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Properties feature 16-foot ceilings, multiple loading docks, and excess land for expansion
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Deal marks Faropoint’s eighth Long Island acquisition and second here in three months
A two-building industrial portfolio in Bohemia has been sold for $17.5 million.
Hoboken, N.J.-based Faropoint purchased the properties at 100 and 110 Wilbur Place, which total 73,811 square feet on a combined 6 acres.
Both properties are occupied by New York Tent, which had owned the buildings but will now be tenants of the new owner in the sale-leaseback.
In 2021, New York Tent, through its affiliates 100 Wilbur Place LLC and 110 Wilbur Place LLC, purchased 100 Wilbur for $6.5 million and 110 Wilbur for $4.96 million.
The 43,785-square-foot building on 2.6 acres at 100 Wilbur Drive has 16-foot ceilings, five loading docks and two drive-in bays. The building includes about 4,000 square feet of office space.
The 30,026-square-foot building on 3.45 acres at 110 Wilbur Drive also has 16-foot ceilings, three loading docks and one drive-bay. It has about 10,000 square feet of office space. The building, which has rooftop solar panels, is expandable to add about 22,000 square feet, according to its listing brochure.
“We’re thrilled to announce the successful closing of 100 & 110 Wilbur Place in Bohemia—two well-located, low-coverage industrial assets in the heart of Long Island’s Central Suffolk County submarket,” Matthew Bernstein, Faropoint’s director of acquisitions, told LIBN. “With irreplaceable real estate, excess land for future flexibility, and a tenant deeply entrenched in its operations, this investment strengthens our industrial sale-leaseback fund strategy.”
The Wilbur Place acquisition is Faropoint’s eighth on Long Island and its second here in the last three months. In Oct. 2025, the company purchased a fully occupied 40,000-square-foot industrial building on 2.22 acres at 593 Acorn St. in Deer Park for $7.55 million in another sale-leaseback deal. Its other Long Island assets are in Bohemia, Farmingdale and Hauppauge.
Faropoint, founded in 2012, is a commercial real estate investment firm that focuses on last-mile warehousing and distribution facilities. The company’s portfolio has more than 500 properties totaling over 26 million square feet throughout the U.S.
Founded in 1994, New York Tent is a full-service tent, temporary structure, and event rental company serving the greater New York metro area, as well as clients across the nation. The company offers a wide range of products and services, including tents, temporary structures, flooring, lighting, staging, HVAC, temporary power, rental furniture, and more, according to its website.
Faropoint was self-represented, while Tommy Rosati, Jason Maietta and Brandon Lichtenstein of Colliers and Richard Cohen of Ashlind Properties represented the seller in the Bohemia sales transaction.
