Long Island

Delisle of Island Associates brokers $2.45 million sale;
Kolin of Corporate Commercial Realty reps seller

West Islip, NY Roger Delisle of Island Associates Real Estate Inc., who represented the purchaser, and Harvey Kolin of Corporate Commercial Realty, LLC, who represented the seller, negotiated and closed the $2.45 million sale of 425 Union Blvd.

Qualified Opportunity Zones (QOZ) and
New York State brownfield programs - by Chuck Merritt

The Federal tax cut and jobs act of 2017 included a section known as Qualified Opportunity Zones (QOZ), which 100% of the people in real estate took notice of since it provided many tax incentives if the parameters of the QOZ were met. 

Working with the development community is critical to reducing tax rates - by Brad and Sean Cronin

Long-term solutions to the region’s devastating property taxes have recently encountered a number of political challenges that fail to fully understand the issue. Ideas and programs to lessen property taxes are frequently presented, but the most immediate manner to diminish taxes is to add to the tax base.

Your new playlist: Six interesting and useful real estate podcasts - by Ron Koenigsberg

Podcasts are an important media form that have gained popularity over the past five years, with the original release of well-known Serial’s debut in 2014. Podcasts have been around for much longer than you may think. Since being “developed” in 2004 by former MTV video jockey Adam Curry...

Robust office and industrial Long Island markets projected to increase vacancies - by Lee Rosner

Coldwell Banker Commercial Island Corporate Services is pleased to present Long Island’s office and industrial market reports for the first quarter of 2019. Projected employment gains are expected to help grow demand on top of the first quarter’s robust office leasing performance—the highest in nearly three years at 429,210 s/f.

Hunt Corp. Q&A: Evaluating tenants and reduce your risk

Q: We own an office building on Long Island that houses our own offices, as well as several tenants. We recently had a tenant close his doors after only a single year of occupancy. How do we avoid this in the future?

Commercial Classroom: Engaging people - by Edward Smith

This Edward Smith’s 200th column with the New York Real Estate Journal. The column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. 

Stalco Construction and BBS Architects complete
$3.95 million Herricks High School café and commons

New Hyde Park, NY Serving the Herricks Union Free School District, general contractor Stalco Construction and architect BBS Architects, Landscape Architects and Engineers have completed the renovation and expansion of Herricks High School’s cafeteria into a 7,000 s/f café and commons.

Cohen of Ashlind Properties arranges three Long Island deals; Includes $3.284 million sale of a 28,373 s/f property

Islandia, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial Realtor, has brokered the following three deals. Cohen represented Corfu Property LLC, the seller, in the $3.284 million sale of 165 Oval Dr. The buyer, Island Industries Corp...

Pezza and Simone of NAI Long Island complete sale

Freeport, NY Gary Pezza, senior director, and John Simone, principal, of NAI Long Island, represented the seller, 47 North Main LLC, and the buyer, Delmont Health Care, in the sale of 47 North Main St. The property is a 2,200 s/f, two-story office building.