News:
Brokerage
Posted: April 14, 2026
Marcus & Millichap brokers $7.1 million sale of multi-tenant office building
Roslyn, NY Marcus & Millichap brokered the sale of 200 and 220 S Service Rd. The multi-tenant office properties sold for a total of $7.1 million.
Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller and buyer for 200 S. Service Rd., while Global Realty Services USA procured the private buyer.
“200 and 220 S Service Rd. combine unmatched highway visibility, immediate access to the Long Island Expwy. and a prestigious Roslyn Heights address within one of Long Island’s most affluent customer bases,” said Tuccillo. “The site is well positioned for long-term success, reinforced by pricing achieved just below the asking price.”
The properties total 28,714 s/f on a 1.54-acre parcel and are configured for multi-tenant office use. They are occupied by a mix of professional tenants with staggered lease expirations.
Located off Exit 39 of the Long Island Expwy. which sees more than 214,000 vehicles per day, and near Exit 28 of the Northern State Pkwy., the properties offer regional connectivity and are one mile from the Roslyn Long Island Rail Road station.
MORE FROM Brokerage
Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul
St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
Quick Hits
 (2).gif)
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
.gif)
September Promotion
