News: Long Island

Katz & Associates completes $1.6m sale

Stony Brook, NY On behalf of the seller, Brian Katz, Jonathan Greenberg, and John Heretakis of Katz & Associates completed the sale of the former freestanding Party City at 205 Hallock Rd.

The sale price was $1.6 million.

The 1.16 acre property has been sold to Zucker Investment Group. The buyer was represented by Russel Helbling and Stu Fagen of Sabre Real Estate.

The deal closed on May 21, 2021.

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Columns and Thought Leadership
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.