News: Long Island

Asaro of Industry One Realty represents buyer in $5.15 million sale; LaRuffa of NAI LI represents seller

101 New South Road - Hicksville, NY
Mario Asaro, Industry One

Hicksville, NY ACS System Association has purchased a 30,000 s/f industrial building located at 101 New South Rd. for $5.15 million.

Mario Asaro of Industry One Realty Corp. represented the buyer and John LaRuffa of NAI Long Island represented the seller, The Center For Development Disabilities Inc.

“The property had a significant amount of interest in it when it first Came on the market so I convinced my customer ACS Systems to make a strong offer right out to the gate by highlighting the potential tax abatement and mentioned the impending bidding war if we came in too weak,” said Asaro.  

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.