
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated a long-term extension for Golden River Asian Cuisine at Strathmore Commons, 1245 Middle Country Rd.
The 3,180 s/f table service and take-out restaurant has been operating for 20 years at this location. The tenant has entered into a long-term lease agreement to continue their family tradition of operating the restaurant and serving the Middle Island community.
Strathmore Commons is a 140,000 s/f center with a newly opened Meat Farms Supermarket, NYU Grossman, McDonalds, Golds Gym, Dollar Tree, All Island Pets, and a variety of other tenants.
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,