News:
Brokerage
Posted: March 25, 2025
Metro Realty Services sells three properties for $6.99 million
Lindenhurst, NY Metro Realty Services, LLC sold three properties totaling $6.99 million in separate transactions.
Jeremy Hackett sold 12,474 s/f at 920 N Wellwood Ave. to 920 Pepa Realty LLC, for $2.3 million. Hackett represented the seller, 920 N Wellwood LLC, and Century 21 represented the buyer.
And in West Babylon, Hackett sold a one acre site at 170 Field St. to Beyer Field Street LLC, for $2.75 million. Hackett represented both the seller, Hesh’s Recycling Inc., and the buyer.
Also, Michael Pisciotta of Metro Realty Services sold 8,010 s/f at 130 Dale St. to AAA Polymer, for $1.94 million. Pisciotta represented the buyer and Mario Asaro of Industry One represented the seller.
Tags:
Brokerage
MORE FROM Brokerage
SABRE coordinates sale of six properties totaling 199,845 s/f
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
.gif)