Farmingdale, NY Mario Asaro, SIOR, of Industry One Realty co-brokered the $1.25 million sale of 10,000 s/f industrial building located at 154-160 Rome St. Asaro represented the seller, JGJFG LLC, and Ian Jeon of Hentze-Dor Real Estate represented the buyer, Hua Yu Lin-Ning Shen Dong.
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,