Long Island

Bayport Funding provides $3.7 million
acquisition loan

Sag Harbor, NY Bayport Funding provided a $3.7 million acquisition and construction loan for a single-family home located on Millstone Rd. This property is located in a neighborhood and will include an in-ground pool with pool-house, tennis court and fitness and entertainment

ACC Space Inc. brokers two leases
totaling 22,000 s/f

Mineola, NY ACC Space Inc. negotiated two leases totaling 22,000 s/f.  Day Elevator and Lift leased 12,000 s/f at 147 E 2nd St. a flex-building. Chip Entwistle and Kevin Lann of ACC represented the tenant. Jason Miller represented the landlord

Metropolitan Realty Assocs. completes $18m refinancing of 128,600 s/f 81 Spence St.

Bayshore, NY Joseph Farkas, CEO and Founder of Metropolitan Realty Associates LLC (MRA), completed the refinancing of 81 Spence St. The refinancing occurred after securing an extended long-term lease with Duro Dyne National Corp., which now occupies the entire 128,600 s/f manufacturing

NAI Long Island brokers two leases at Brookhaven Professional Center - 4,864 s/f

Medford, NY NAI Long Island negotiated two leases totaling 4,864 s/f at Brookhaven Professional Center (BPC), 3231-3253 Rte. 112. Senior director Brian McGuire of NAI Long Island negotiated the 1,248 s/f lease agreement with The Nassau-Suffolk School Boards Association

Mayor and Densen of Island Assocs. broker five-year lease with The Law Office of Pat McCarthy ESQ.

Hauppauge, NY Lawrence Densen and Christopher Mayor of Island Associates brokered a five-year lease agreement with the, The Law Office of Pat McCarthy ESQ. and The accounting office of Richard Eitelberg CPA located @ 330 Motor Pkwy. Both Richard

Olshan Properties’ The Gate at Manhasset reaches 100% leased

Manhasset, NY Olshan Properties said that its shopping center, The Gate at Manhasset (The Gate), is fully leased. This milestone, achieved via 50,000 s/f in newly completed leases, underscores Olshan’s commitment to commercial retail centers as well as the strength of retail

Hunt Corp. Commercial Q&A: Save with Section 1031 exchange - by David Hunt

Q: I own the building that houses my construction business. We are considering purchasing a larger building and moving. My broker suggested a 1031 exchange. How does that work and is it worth the effort?

Hempstead IDA gives preliminary OK to benefits for warehouse to be built near JFK

Inwood, NY Frederick Parola, chief executive of the Town of Hempstead Industrial Development Agency (IDA), said that the IDA has given preliminary approval to a package of economic development benefits for a warehouse proposed for a once-polluted site near

Suffolk County IDA approves new affordable housing policy

Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) established a first-of-its-kind Affordable Housing Policy. While other affordable housing policies exist throughout the region, the Suffolk IDA’s is the first to have dedicated provisions

ERG Commercial Real Estate closes on vacant lot at 681 West Jericho Tpke.

Huntington, NY ERG Commercial Real Estate negotiated the $1.22 million sale of a vacant lot at 681 West Jericho Tpke. The buyer was Connection Auto Sales which is planning to move the business from its present location (529 E Jericho Tpke.) to this location.