


Greenvale, NY ERG Commercial Real Estate delivered the sale of a mixed-use two-story building for $725,000.
The 4,330 s/f building located at 13 Glen Cove Rd. sold for $167 per s/f.
Ryan Lewis of ERG, represented both the seller, Angelo Karatzas and the buyer, Aaron Hakimian of Baaco Properties.
The building is a mix of office and commercial retail. The property has one ground floor retail that is vacant. A second floor office is occupied by Luxury Car Service Co., Windsor Limo.
“We were able to negotiate within a week a sit down contract closing on December 30th to allow the seller and buyer to close before year end, benefitting both parties,” said Lewis.
The mixed-use building is located off one of Long Island’s premier retail intersections of Glen Cove Rd. and Northern Blvd. directly across from Wheatly Plaza.
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.