Commack, NY PGA Tour Superstore has opened at Mayfair Shopping Center. The new 39,225 s/f superstore features a selection of golf and tennis apparel and equipment.
Katz & Associates’ Hugh Scullin represented PGA Tour Superstore and E.J. Moawad from Levin Management Corp. represented the landlord.
This is Scullin’s third deal with PGA Tour Superstore; he also worked with them for stores in Paramus and East Hanover, N.J.
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,