
Brentwood NY Robert Raffa and Robert Monahan from Island Associates Real Estate negotiated a 1,750 s/f lease at the Brent City Shopping Center, 1825 Brentwood Rd. The new addition to the center is NAL Pharmacy taking 1,750 s/f for their second pharmacy location in Suffolk County. NAL Pharmacy is one of the new tenants along with Smiles Orthodontics - 2,000 s/f and the Robin Barber Shop - 2,200 s/f arriving in the center adding a new dynamic’s to the Brent City Shopping Center.
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,