Category: Long Island

New York, NY The Long Island Real Estate Group (LIREG), of which Richard Herzbach is co-president, recently arranged a special tour of the MTA East Side Access Project. East Side Access provides new LIRR service to the east side of Manhattan, supplementing existing service to Penn Station on Manhattan’s west side and Atlantic Terminal in Brooklyn. The East Side Access megaproject is one of the largest transportation infrastructure projects currently underway in the U.S. with a history that reaches back to the 1950’s when discussions were first held regarding regional transportation planning. The project encompasses work in multiple locations in Manhattan, Queens and the Bronx and includes eight miles of tunneling.

Mineola, NY Charissa Kwan, MAI, AI-GRS, has been elected president of the Long Island chapter of the Appraisal Institute for 2019. Serving Nassau and Suffolk counties of Long Island, the chapter assists local real estate appraisers to earn Appraisal Institute professional membership designations and provides appraisal education and networking to the real estate and related industries.

Brentwood, NY Ralph Perna, executive managing director at Newmark Knight Frank, has brokered one $4.4 million sale and five leases totaling 165,400 s/f. The deals include the following: • The $4.4 million sale of 75 Emjay Blvd., Brentwood. The 43,000 s/f building sold to Universal Door from Brooklyn. The seller was Michbi Door.  Perna represented both sides.

Cold Spring Harbor, NY American Investment Properties has brokered the $1.675 million sale of 117 Main St. The 6,000 s/f property contains office and retail space. Ron Koenigsberg, CCIM, president, of AIP represented the seller and Lyle Alper, associate of AIP, represented the buyer. 

Sayville, NY Brian Campbell has purchased an 829 s/f, free-standing retail building at 32 Foster Ave. for $260,000. The new owner is still in discussion with architect, John Bracco, regarding plans for the property. Talks of quick serve, professional office, or a hair salon is at the top of the list. Carmine LiBretti of Industry One Realty Corp. represented the buyer as well as the seller, 5 Ch’s Properties LLC.

Lynbrook NY Roger Delisle and Robert Monahan of Island Associates Real Estate Inc. have negotiated and closed the sale of 230-234 Hempstead Ave. The property sold for $900,000.  The site consists of a 10,000 s/f building occupied by 5 Corner Fitness.  The seller was LP Gold Realty Corp.

In this quarterly series, we examine Long Island towns exploring facts and demographics, real estate happenings, and recent or new changes. Located in the town of Babylon, Babylon Village in Suffolk County, New York is a 2.8 square mile area, which is home to over 12,500 people and 4,700 households, as of the 2010 census. While the median age is 43, the village’s population is spread out with 5.3% under the age of five, 22.5% under the age of 18, 5.2% from 20-24, 25.7% from 25-44, 31.6% from 45-64, and 12.1% who were 65 years or older. The median family income in Babylon Village is $127,407 with a median property value of $440,400.  The home-ownership rate was 78.2% and 15.3% of housing units were in multi-unit structures. 

Cold Spring Harbor, NY According to Deirdre O’Connell, CEO of Daniel Gale Sotheby’s International Realty, the firm has named Deborah Hauser as its COO. Longtime COO Tom Calabrese will be assuming a senior executive advisor role. “Since Deborah Hauser took her first sales management post in 2012, she’s been a galvanizing force in the tremendous growth of Daniel Gale Sotheby’s International Realty,” said O’Connell. “Her deep understanding of the organization and the industry at large stems from her early success as a top producing real estate advisor whose expertise has continued to develop through a succession of management positions.” 

Hauppauge, NY Holliday Fenoglio Fowler, L.P. (HFF) has completed the $16 million sale of 330 and 350 Motor Pwy., two four-story office buildings with a combined 131,223 s/f. The HFF team marketed the property on behalf of the seller, KABR Group and Capstone Realty Group, and procured the buyer, Long Island-based Valley East Management.

Centereach, NY “Hitting the ground running and not looking back” is both symbolic and literal for Alexander Schuil and his staff. This CEO, as well as four other members of his organization (Briscoe Protective Systems), recently ran the NYC Marathon, with the entire team crossing the finish line with personal best times. They participated in the marathon to raise money for “NYRR Team For Kids.”  Setting goals, having vision, and moving forward are Schuil’s formula for success.  

Medford, NY According to Frederick Braun III, chairman of the Brookhaven Industrial Development Agency (IDA), the agency has closed on an agreement that will provide economic incentives to assist the purchase of the Medford headquarters and warehouse of the appliance cooperative Intercounty Appliance Corp. by a business affiliated with a NYC developer.

Commack, NY Levin Management Corp. (LMC) has brokered two leases at Mayfair Shopping Center. Music & Arts, a sister brand of musical instrument retailer Guitar Center, and learning center franchise The Tutoring Center have leased 2,500 and 1,320 s/f, respectively (3,820 s/f total.) LMC serves as exclusive leasing and managing agent for the 222,000 s/f Mayfair Shopping Center, situated on Jericho Tpke., east of the Sunken Meadow Pwy. LMC’s E.J. Moawad, a leasing representative with the North Plainfield, N.J., commercial real estate services firm, arranged both commitments