News: 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.

Long Island transactions:
SABRE completed the sale of a 39,000 s/f retail strip center at 301 Walt Whitman Rd. in Huntington, NY, which is set to welcome a new Barnes & Noble, reintroducing a beloved national retailer to the trade area. Aug and Fagen represented the seller, while Patrick Breslin served as the buyer’s broker.

In Farmingdale, SABRE facilitated the sale of 110 Broadhollow Rd., an 18,500 s/f commercial property formerly occupied by Safavieh, which sold for $3.65 million. Situated along the high-traffic Rte. 110 corridor, the property offers strong visibility and retail positioning. Aug and Fagen represented the seller, with Jesse Moss of Oxford Property Group representing the buyer.

SABRE arranged the sale of the former Party City property at 205 Hallock Rd. in Stony Brook, NY, which sold for $2.7 million. The 13,200 s/f building will be redeveloped into a multi-tenant retail destination led by investors including principals of Chopt Creative Salad Company. Jay Siano and Fagen represented the seller, ZIG Stony Brook LLC. SABRE’s leasing team has already pre-leased 50% of the space, demonstrating strong tenant demand.

Rounding out SABRE’s Long Island activity is the sale of 6090–6136 Jericho Tpke. in Commack, NY, a 53,145 s/f retail center that sold for $12.7 million to Carderock. The transaction was brokered by Michael Tuccillo of Marcus & Millichap and Stu Fagen of SABRE Real Estate Group.

New Jersey Transactions
In Northern New Jersey, SABRE arranged the sale of 1213 Rte. 22 in Bridgewater, a 40,000 s/f former Safavieh Furniture building situated on five acres, which sold for $7.2 million. The property was purchased by an owner-user seeking strong frontage and redevelopment potential. Aug represented the seller, with Andrew Vita representing the buyer.

SABRE also coordinated the sale of 1308 Rte. 23 in Wayne, NJ, a 36,000 s/f retail building currently home to Gary’s Wines and Ski Barn, which sold for $11.45 million. Aug represented both buyer and seller in this transaction, continuing a 35-year advisory relationship that includes originally selling the land to the owner and leasing the building over multiple decades.

“These transactions highlight the trust our clients place in SABRE — not just for execution, but for strategy, positioning, and long-term value creation,” said Aug.

“This portfolio of sales showcases the power of experience, market intelligence, and relationships,” said Fagen. “We’re proud to deliver results that align with the evolving needs of investors and communities across the region.”

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,