Your client wants $1 million for their land. How much is that land really worth? To answer this question requires an analysis of what is the “highest and best” use of the property – what use will produce the most revenue. Then the question becomes will this use be
Islandia, NY On July 26
th mayor Allan Dorman attended the ribbon cutting ceremony to celebrate the grand opening of Tractor Supply Co. in the Islandia Shopping Center, 1750 Veterans Memorial Hwy.
Central Islip, NY Newmark has arranged the sale of 31 Windsor Pl., a 143,493 s/f industrial asset. The property traded from Brookfield, a global real estate investor, to F.W. Webb Company, one of the largest wholesale distributors of plumbing, heating and HVAC products
Uniondale, NY Schroder & Strom, LLP said that Diana Capalbo has been admitted to the New York State Bar and has joined the firm as an associate attorney. She earned her bachelor of science from St. John’s University and received her juris doctor from St.
Middle Island, NY Robert Raffa from Island Associates Real Estate has secured Platinum Hobbies as a new long-term tenant at the Strathmore Commons Shopping Center located at 1245 Middle Country Rd. Platinum Hobbies, one of the larger Hobby Stores located on Long Island
Patchogue, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives for a proposed 262-unit four-story rental apartment complex that included affordable and workforce
A common misconception in New York is that a recent sale — especially a high sale price — will automatically increase the buyer’s property taxes. Under New York law, that’s specifically not how the system is supposed to work. New York’s assessment
When the current American Society of Testing Materials (ASTM) E1527-21 standard was universally adopted for use in February 2024, commercial real estate was at the low end of the business cycle (to put it gently), and therefore, not as many may have noticed the changes. With higher interest
Deer Park, NY Island Associates Real Estate Inc. negotiated the sale of a prime industrial warehouse located at 609 Acorn St. in the town’s industrial district. The transaction closed at a purchase price of $3.8 million. The property, a well-maintained 13,400 s/f industrial facility situated on
Wading River, NY Ron Kleinberg, president of Tri-State Properties, brokered the sale of the Wading River Medical Center. The sale price was $6.2 million. The four, one-story buildings totaled 30,000 s/f on 4.14 acres with 180 parking spaces. The building was 94% occupied
