One Realty Services, Inc.
Sayville, NY Patrick Curtis, corporate broker for One Realty Services, Inc., and Andrew Gonzalez, a real estate salesperson from Industry One Brokerage have collaborated in the sale of a 2,275 s/f vacant office building at 196 N. Main St.
Curtis represented the buyer, CMA4 Realty, LLC, while Gonzalez represented the seller, Forokidz LLC.
The deal closed in an all cash transaction at a sales price of $660,000.
Due to the high demand for properties in this area, there was significant competition for the listing.
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,