News: Long Island

Densen and Mayor of Island Assocs. sell 6,000 s/f warehouse for $3.45 million

955 Long Island Avenue - Deer Park, NY

Deer Park NY Lawrence Densen and Christopher Mayor of Island Associates Real Estate have completed the sale of a 6,000 s/f warehouse on 1.55 acres on 955 Long Island Ave.

This sale had many challenges that had to be overcome. The property was formerly used for auto wrecking, inside metal storage, and a truck repair shop. There was also outside storage of heavy equipment, trash containers and vehicles. This created environmental concerns as well as title issues, Densen and Mayor worked with both sides as well as the contractors hired on to make sure the sale was able to be complete. The property was sold to a NYC construction and scaffolding company.

Densen and Mayor of Island Associates Real Estate represented the sale totaling $3.45 million. The seller was a family estate.

The managing partners, David Marro and the estate of Joseph Marro, were satisfied “The sales price and process were handled professionally and exceeded our expectations. We would be happy to recommend Densen and Mayor to my family, friends, and associates”

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.