News:
Brokerage
Posted: January 29, 2026
Hackett, Pisciotta and Blumenthal of Metro Realty Services sell three properties for $7.3 million
Bohemia, NY Metro Realty Services, LLC brokered three sales transactions totaling 28,000 s/f for $7.3 million.
Jeremy Hackett and Michael Pisciotta of Metro Realty Services sold 8,000 s/f at 105 Carlough Rd. to Carlough Road LLC for $2.2 million. Hackett and Pisciotta represented the seller, 25 & 105 Carlough Road LLC, and the buyer.
And in Bay Shore, Hackett and Andrew Blumenthal of Metro Realty sold 8,000 s/f at 71-73 Cleveland Ave. to CGP Realty LLC for $2.1 million. Hackett and Blumenthal represented the undisclosed seller and the buyer.
Blumenthal sold 12,000 s/f at 1401 Lincoln Ave. in Holbrook to Ultra Bright Lightz for $3 million. Blumenthal represented the seller, Ellenwood Realty Company LLC, and Alberto Fiorini and Niko Khetaguri of Alliance Real Estate Corp. represented the buyer.
Tags:
Brokerage
Long Island
MORE FROM Brokerage
AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue
Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,
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
