
Islip, NY Roger Delisle and Robert Monahan of Island Associates negotiated a new long-term lease with FRQNCY for 5, 900 s/f at 181 Freeman Ave.
FRQNCY is a fitness facility specializing in HYROX classes and fitness training drawing clients from all over Long Island. The tenant has built-out a facility with equipment and training apparatus.
FRQNCY joins Golds Gym and Pickleball Express making 181 Freeman Ave. a destination for fitness activity.
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,