Bent of Charter reps. seller in $1.3m sale of 80,000 s/f distribution center
The Maple St. Business Center located in the downtown industrial section recently sold for $1.3 million. The buyer is Robert Sarfaty, owner of Mr. Tow, a downtown towing company.
Sarfaty plans to build a 20,000 s/f building at the back of the parcel, next to I-490. The center's tenants are: Crystal Rock Springwater, National Vacuum Corp., Certified Documents Destruction & Recycling, Inc., and Look Outdoor Advertising, LLC. The center is located within a designated New York Empire Zone on 7.47 acres on Maple St. intersecting with Mount Read Blvd. and adjoining I-490.
The seller was represented exclusively by Jack Bent of Charter Real Estate Brokerage. The buyer was represented by Lois Harris of Nothnagle Realtors.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.