Efrati of Entrepreneur Properties completes $1.38 million sale
Entrepreneur Properties has sold 130 Nassau Ave. for $1.38 million. This mixed- use building is located in the Greenpoint neighborhood and includes four apartments and one store. Moreover, the buyer has the option to erect an additional floor due to 2,500 s/f of additional air rights. Due to the minimal expenses and upside, this investment was a "no brainer" to the buyer who owns other buildings in the vicinity.
Entrepreneur Properties president Ami Efrati represented both parties.
The sale of real estate may trigger capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
North Hempstead, NY ERG Retail Leasing is the dedicated leasing division of ERG Commercial Real Estate, an established full-service commercial real estate brokerage for over 35 years.