News:
Brokerage
Posted: June 16, 2020
Gottlieb and Schuckman of Schuckman Realty broker $2.03 million; Ventre and Reinhardt of Windsor Commercial rep. seller of 14,000 s/f bldg.
Rockville Centre, NY Schuckman Realty has facilitated the sale of a building at 120 North Village Ave. for $2.03 million.
Kenneth Schuckman and Edward Gottlieb, CRX, CLS of Schuckman Realty Inc. represented the buyer, in the purchase of a 14,000 s/f building on a 24,000 s/f lot. The listing brokers were Michael Ventre and Robert Reinhardt of Windsor Commercial RE. The buyer, ABEN Village LLC, was represented by Schuckman and Gottlieb. The property is located on North Village Ave. between Washington St. and Randall Ave., two blocks north of Rockville Centre LIRR Station.
The intent of the purchaser is to meet that demand by providing long- and short-term leases to companies who would like to accommodate their employees with safe-distance new construction, separate entrances for each tenant, as well as having on-site parking. The property has 37 on-site parking spaces and is adjacent to municipal parking with over 200 spaces available. As an amenity, the owner will be installing Tesla charging stations.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
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,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
