
Middle Island, NY Robert Raffa and Robert Monahan of Island Associates negotiated the 1,404 s/f lease for Fireside Embroidery in the Strathmore Shopping Center, 1245 Middle Country Rd. Fireside Embroidery is a new tenant in the 140,000 s/f center joining the Meat Farms Supermarket, NYU Langone, 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,