News: Long Island

McCoy of NAI Long Island brokers $2.275 million sale

260 Route 109 - Babylon, NY

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.

Dennis McCoy, NAI Long Island

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

NAI Long Island provides its clients with a menu of real estate services and specialized support. Our goal is to be able to customize a delivery platform based on a client's requirements. Unlike a "one size fits all" business philosophy, NAI Long Island and its account executives understand that clients require different services, and in order for a client to knowledgably order from our menu, we are pleased to provide a basic description of what NAI Long Island offers.
Founded in 1980, NAI Long Island (NAILI) is acknowledged in the industry as a brokerage house of excellence and quality. Our professionals have in depth market knowledge and experience and the proven ability to negotiate successful transactions. Our expertise is complemented and enhanced by an experienced administrative staff supervising state of the art systems and a comprehensive digital database of up to the minute property and market information.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.