News: Brokerage

Buono of Island Assocs. sells 4,775 s/f mixed-use for $1.375 million

East Islip, NY Richie Buono of Island Associates Real Estate brokered the $1.375 million sale of 87–89 West Main St.

Buono represented the seller D’Andrea Brothers LLC, and purchaser JORE2 LLC.

The 4,775 s/f two-story mixed-use property consists of two retail tenants and three residential apartments located on the second floor.

The building was recently renovated in 2023 inclusive of both retail stores, complete new exterior, new mechanicals, and updated all the apartments.

The sellers D’Andrea Brothers LLC engaged a reverse 1031 exchange in order to purchase the former Capital One bank building in Sayville.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of