Bardonia, NY Rand Commercial has completed a five-year lease for a 3,000 s/f office building located at 159 Rte. 304.
The tenant, Access: Supports for Living, Inc., will occupy the property to expand its services within Rockland County. The organization’s mission is to help individuals live the healthiest and fullest lives possible, with a focus on supporting those facing developmental disabilities and behavioral health challenges.
Paul Adler, Esq., SIOR, of Rand Commercial brokered the transaction.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,