Vanderbilt Realty brokers $1.5 million sale and two leases totaling 4,950 s/f

December 04, 2018 - Long Island
2200 Marcus Avenue - New Hyde Park, NY

Lynbrook, NY Vanderbilt Realty has completed one $1.5 million sale and two leases totaling 4,950 s/f. 

In the first deal, Joe Giordano of Vanderbilt Realty has negotiated the $1.5 million sale of 393 Sunrise Hwy., Lynbrook. This mixed-use property consists of seven tenants who occupy both retail and office units. It is located directly across from the LIRR Lynbrook train station. 

Joe Giordano,
Vanderbilt Realty

 

Anthony Fornabaio,
Vanderbilt Realty

 

In the next deal, Giordano closed on a 750 s/f lease at 396 Rockaway Ave., Valley Stream. The tenant, Farmers Insurance, a subsidiary of Zurich Insurance Group, has signed an initial lease for a five-year term for the office. Farmers has over 48,000 exclusive and independent agents while employing over 21,000 people. 

In the third deal, Anthony Fornabaio and Tom Weitzmann of Vanderbilt Realty negotiated a 4,200 s/f lease at 2200 Marcus Ave., New Hyde Park. The tenant, Banglar Ayojon, LLC is a NY-based party event management company. The lease was negotiated at $17 per s/f and carries an initial term of five years. This deal was co-brokered with Colliers International’s Lake Success Office. 

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