News: Brokerage

Merrell of Island Assocs. sells 10,000 s/f retail/flex warehouse for $2.85 million

611 Sunrise Highway - Patchogue, NY

Patchogue, NY Island Associates (IA) has arranged the sale of a 10,000 s/f retail/flex warehouse at 611 Sunrise Hwy. The asset traded for $2.85 million, ($285 per s/f), and is situated on a .87-acre lot along the Sunrise Hwy. corridor.

Jason Merrell of Island Associates represented both parties in the transaction.

The property, formerly occupied by Harrows and most recently used as an irrigation supply house, offers a flexible configuration with excellent frontage and access. The sale reflects continued demand for well-located commercial properties that can accommodate a range of retail and warehouse uses. 

“This transaction is a great example of the continued demand from local operators looking to secure well-located, functional real estate to support their growth,” said Merrell. “Properties along Sunrise Highway with flexible zoning and strong frontage remain highly sought after, and we were pleased to bring both sides together to get this deal across the finish line.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.