Press Releases
Marcus & Millichap Arranges Sale of 291-Unit Self-Storage Property on Long Island
August 15, 2025
OAKDALE, N.Y., Aug. 15, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Oakdale Self-Storage, a 291-unit self-storage property in Oakdale, New York.
“Within just three weeks of marketing, we received four competitive offers, secured 149 signed confidentiality agreements and conducted eight property tours,” said Andreas Makris, associate director investments. “The asset went under contract within 45 days of listing. Both the buyer and seller were a pleasure to work with, making this a memorable transaction.”
Makris and Marcus & Millichap’s Kevin Bledsoe exclusively marketed the property on behalf of the seller and procured the buyer, in association with John Horowitz, the firm’s broker of record in New York.
Located at 1625 Montauk Hwy, Oakdale Self-Storage consists of 190 climate-controlled units, 86 non-climate-controlled units, and 15 outdoor parking spaces across 27,320 rentable square feet. Built in 2005, the facility is 88 percent occupied and features keypad access, an on-site management office and 24-hour video surveillance. The property is positioned along Montauk Highway, which sees nearly 16,500 vehicles daily, and is surrounded by a population of more than 166,000 residents within a five-mile radius.
“Within just three weeks of marketing, we received four competitive offers, secured 149 signed confidentiality agreements and conducted eight property tours,” said Andreas Makris, associate director investments. “The asset went under contract within 45 days of listing. Both the buyer and seller were a pleasure to work with, making this a memorable transaction.”
Makris and Marcus & Millichap’s Kevin Bledsoe exclusively marketed the property on behalf of the seller and procured the buyer, in association with John Horowitz, the firm’s broker of record in New York.
Located at 1625 Montauk Hwy, Oakdale Self-Storage consists of 190 climate-controlled units, 86 non-climate-controlled units, and 15 outdoor parking spaces across 27,320 rentable square feet. Built in 2005, the facility is 88 percent occupied and features keypad access, an on-site management office and 24-hour video surveillance. The property is positioned along Montauk Highway, which sees nearly 16,500 vehicles daily, and is surrounded by a population of more than 166,000 residents within a five-mile radius.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
