News: Long Island

Metro Realty Services handles three sales totaling $4.95 million

225 N Fehr Way - Bay Shore, NY

Hauppauge, NY Metro Realty Services, LLC closed the following:

  • Nicholas Romano of Metro Realty Services sold 5.02 acres industrial land in Calverton to Calverton Fields LLC for $2 million. Romano represented both the seller, Robert Birnbaum, and buyer.
  • Jeremy Hackett of Metro Realty Services sold a 9,500 s/f unit at 701-6 Koehler Ave. in Ronkonkoma to KB Joint Ventures LLC for $900,000. Hackett represented both the seller, Sarah Maria Realty Inc., and buyer.
  • Hackett and Andrew Blumenthal of Metro Realty Services sold 13,500 s/f at 225 N Fehr Way in Bay Shore to Jatobe Realty LLC for $2.05 million. Hackett and Blumenthal represented both the seller, R&T Holding Company, and the buyer.
  • Hackett and Michael Pisciotta of Metro Realty Services leased 5,000 s/f at 333 Wyandanch Ave. in West Babylon to Tri State Signs & Awnings. Hackett and Pisciotta represented both the tenant and the landlord.
  • Hackett and Pisciotta leased 2,500 s/f at 65-C Burt Dr. in Deer Park to Henriquez Construction Corp.Hackett and Pisciotta represented landlord while Ryan Korzekwinski of Alliance represented the buyer.
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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.