New York Life Investment Buys 49 Mall Drive (178,134 SF) in New York

SaleIndustrialLong Island

Reported Oct 13, 2026 · Source: Long Island Business News

Source: Long Island Business NewsRead the full report at Long Island Business News ↗

Deal details

Buyer
New York Life Investment Management
Seller
Not named in the report
Price
$58.25M
Size
178,134 SF
Price per SF
$327 per SF (our calculation)
Asset class
Industrial
Transaction
Sale
Sub-market
Long Island
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 13, 2026

Summary

New York Life Investment Management bought the 178,134-square-foot industrial building at 49 Mall Drive in Commack for $58.25 million. The building sits on 10.75 acres.

Summarized from the article; the quoted lines below are from the article itself.

Source: Long Island Business News

Read the full report at Long Island Business News. What the article says:

  • Deal
    49 Mall Drive in Commack. / Courtesy of Cushman & Wakefield
  • Deal / Size
    178,134-square-foot building located at 49 Mall Drive in Commack
  • Price
    New York Life Investment Management bought a 178,134-square-foot industrial building in Commack for $58.25 million, highlighting strong Long Island market demand.
  • Buyer
    New York Life Investment Management has purchased the 178,134-square-foot building on 10.75 acres at 49 Mall Drive.

Article date: 2026-10-13T16:32:31+00:00

Frequently asked questions

Who bought 49 Mall Drive?
New York Life Investment Management bought 49 Mall Drive in Long Island, New York, according to Long Island Business News.
How much did 49 Mall Drive sell for?
The reported price is $58.25M ($327 per SF, our calculation), per Long Island Business News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.