News:
Brokerage
Posted: November 20, 2018
Koukou of Lee NYC closes $2.8 million sale with Safeguard Self Storage in Plainview
Lee & Associates NYC
Plainview, NY Kelly Koukou, executive managing director/principal of Lee & Associates NYC has arranged the sale of the 18,000 s/f building at 1522 Old Country Rd. for $2.8 million to Safeguard Self Storage. On the second floor, 1,500 s/f will be used for office space while the remainder of the building will serve as one of the retail locations for the self-storage facility.
Founded in 1989, Safeguard Self Storage has since grown to more than 70 self-storage locations in the U.S. The company’s offices will be relocating from Melville, N.Y. Plainview is located within the town of Oyster Bay on Long Island’s North Shore.
“This building exceeded all expectations that the Safeguard Self Storage team had for their new office space,” said Koukou. “As for the retail space, the building is incredibly well-positioned to serve the storage needs of residents all across Long Island.”
Safeguard Self Storage will take occupancy in the third quarter of 2019. The seller was A.M. Property Holding Corp.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
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,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
