News: Brokerage

Freedberg of Suffolk Industrial Properties and Alliance Real Estate complete $2.4 million sale

Michael Freedberg,
Suffolk Industrial Properties

Farmingdale, NY According to Suffolk Industrial Properties (SIP), 40 Allen Blvd. sold for $2.4 million last month. 

Michael Freedberg, president of SIP represented the seller, Richlin Machinery, while Alliance Real Estate represented the buyer, Ripi Precision. 

This is an industrial building, 15,000 s/f with 20 ft. ceilings. The buyer is an investor planning to leasing the building. The building was on the market less than two months.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of