Ronkonkoma, NY Andrew Gonzalez of Industry One Realty brokered the lease of 2,000 s/f of industrial space at 1951 Ocean Ave. Gonzalez represented the tenant, Manzoor International Trading Inc. The landlord, MDG Enterprises, Inc., represented themselves in the transaction.
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,