News: Long Island

Jawdat of NYCRE closes $5.6 million sale of 40,000 s/f, class A office building

1200 Veterans Memorial Highway - Hauppauge, NY 1200 Veterans Memorial Highway - Hauppauge, NY
Jack Jawdat, New York Commercial Real Estate, Jack Jawdat, New York Commercial Real Estate,

Hauppauge, NY Jack Jawdat, president of New York Commercial Real Estate, LTD. (NYCRE), a commercial, industrial, retail and multifamily real estate brokerage and property management firm, closed the $5.6 million sale of a 40,000 s/f, three-story, class A office building located at 1200 Veterans Memorial Hwy. Jawdat represented the seller, Brewran Islip Associates, and Duckjae Lee of Remax Universal Real Estate, represented the buyer, a private investor.

Jawdat, founder of NYCRE, is recognized throughout Long Island’s real estate industry, among investors and peers alike, as an experienced, knowledgeable professional who serves as a true business advisor to his clients. His ability to effectively “match” properties to the right buyers and tenants has made him one of the region’s top performers. As such, he has been the recipient of numerous performance based awards.

NYCRE offers personalized service and a focus on success for clients seeking to invest in commercial real estate. The team is experienced in the sale or lease of Long Island office buildings, shopping centers, land, apartment buildings, industrial facilities and 1031 exchanges.

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.