Babylon, NY Retail broker Dennis McCoy, of NAI Long Island, has completed a sale deal for 260 Rte.109. The 12,000 s/f building, situated on 1.48 acres, is a former automotive property that sold for $2.275 million.
McCoy represented the seller, 260 Babylon Group, LLC, and the property was acquired by WWP Inc., represented by Bill DeSere and Ross Lico of Breslin Realty. WWP plans to convert the building into a self-storage facility.
McCoy specializes in high-end properties ranging from a $1 million to $50 million valuation, and represents landlords as well as tenants in leasing and sales.
He currently represents over 150,000 s/f of retail space for NAI Long Island, and has represented national tenants such as Chrysler Motor Group, Arooga’s Grill House & Sports Bar, First National Bank of Long Island, ShopRite, and Buffalo Wild Wings
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.