Syosset industrial property sells for $5.7M

170 Eileen Way Syosset / Courtesy of CBRE

September 6, 2022

An industrial property in Syosset has traded for $5.7 million. 

Queens-based Rainbow Child Development Center purchased the 20,750-square-foot building on 1.6 acres at 170 Eileen Way. 

The Syosset property will be converted into a childcare facility, which will be Rainbow CDC’s first on Long Island. The company has four locations in Queens. 

Rainbow offers educational programs for toddlers through 4-year-olds. 

Greg Picker of Industry One Realty represented the buyer, while Chris Stack of CBRE represented the seller, AFA Protective Systems, in the sales transaction. 

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