Farmingdale, NY Breslin Realty has completed the sale of 1104 Rte. 109.
The 1.8 acre property was purchased by Town & Country Jeep Chrysler Dodge for $1.935 million. It was previously occupied by SAV Truck Center Inc.
The transaction was negotiated for the purchaser by Bill de Seve of the Breslin Organization.
Town & Country Jeep Chrysler Dodge is a dealership offering Jeep, Chrysler, Dodge, and RAM vehicles as well as a full service department.
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,