Long Island Commercial Property News and Press Releases

31K SF Hostess Bakery Property in Hicksville, NY Sells for $2.3M

Feb 10 2014

Coldwell Banker Commercial Island Corporate Services was retained in the spring of 2013 by the owner, Apollo Global Management ( APO: NYSE) to sell the former Hostess property which became vacant due to the early 2013 bankruptcy of Hostess Brands, LLC.


Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers.  As of December 31, 2013, Apollo had total assets under management of $161 billion, with a team of 710 employees located in ten offices around the world.

890 South Oyster Bay Road was sold to Gabrielli Truck Sales LTD. Gabrielli was founded in 1976 and has a long history of providing innovative trucking solutions Gabrielli has dedicated themselves to providing their customers with superior service and value since its first store opened in 1976. Today, Armando Gabrielli, the dealership's President, and his brother, Amedeo, Vice President, have expanded Gabrielli Truck Sales Ltd. to eight sales and service locations. There are four in the New York City area - with dealerships in the Bronx, Medford, Hicksville, Jamaica Queens near JFK Airport - plus Montgomery, Hartford CT, Milford CT and our newest location in Dayton New Jersey. Gabrielli sells Mack, Volvo, Kenworth, Ford, Hino, UD and Isuzo Trucks.

For more information regarding this sales transaction, please contact Lee Rosner, CCIM SIOR, at 631-761-6886 Direct | lrosner@cbcli.com






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