Farmingdale, NY NAI Long Island director Marian Campi-Conde negotiated a five-year lease at 24 Central Dr. on behalf of Tech Network.
The landlord at 24 Central Dr. was represented by Leonard Gold of Finch Realty.
Tech Network is a growing telecommunications provider with facilities in New Jersey, New York and Pennsylvania.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,