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Moawad of Levin Management brokers 2,700 s/f lease
April 3, 2018
Patchogue, NY New York restaurant institution Patsy’s Pizzeria has leased 2,700 s/f at 35-71 South Ocean Ave. The commitment brings the 23,000 s/f “main street” retail property to 100% occupancy, according to Levin Management Corp. (LMC), the exclusive leasing and managing agent. There was no tenant broker involved in the transaction.
Gerbsman of Hudson represents tenant in 1,500 s/f retail lease
April 3, 2018
Southampton, NY Hudson managing principal Jason Gerbsman has arranged a 1,500 s/f lease for Ruby & Jenna in the former Calypso space. The new location at 24 Jobs Ln. is the fourth lease that Gerbsman has arranged for the mother-daughter-owned women’s fashion chain and its twelfth store in the tri-state area, joining others in Greenwich, CT, Marlton, NJ, Closter, NY, and Roslyn, NY.
Delisle of Island Associates brokers four Long Island leases totaling 6,629 s/f
April 3, 2018
Hauppauge, NY Roger Delisle of Island Associates has arranged four leases totaling 6,629 s/f.
Fornabaio and Schulman of Vanderbilt broker 4,400 s/f lease
April 3, 2018
Valley Stream, NY Anthony Fornabaio and Ben Schulman of Vanderbilt Realty have negotiated a 4,400 s/f industrial lease signing at 396 Rockway Ave. The 10-year lease represents the new home of All About Records (AAR). Vanderbilt Realty was the exclusive broker.
Barbuto of Southgate Commercial leases 900 s/f
April 3, 2018
East Meadow, NY Southgate Commercial Real Estate has signed a 900 s/f lease at 573 East Meadow Ave. The space will be an additional location of A-1 Universal Care Inc. Joseph Barbuto, MBA, CIREC, of Southgate Commercial, is the real estate agent who represented A-1 Universal Care and the landlord, 571 East Meadow Ave LLC.
Hartman of Pliskin Realty arranges two leases totaling 4,200 s/f
April 3, 2018
Holbrook, NY Marvin Hartman, executive vice president at Pliskin Realty & Development, has represented the landlord and tenants in two leases totaling 4,200 s/f.
Douek of Q10 New York Realty Advisors arranges $1.2 million non-recourse loan for 3,300 s/f retail p...
April 3, 2018
Hicksville, NY Zeev Douek, a director at Q10 New York Realty Advisors, has arranged a $1.2 million non-recourse permanent loan on a 3,300 s/f single-tenant retail building located on 240 North Broadway in close proximity to the Broadway Mall. The loan was placed with a New York-based bank and was a cash-out refinance at a 4.5% fixed interest rate.
Klapper, Berger, Gelbtuch and Karson of CBRE broker $4 million sale of 51,629 s/f former nursing hom...
April 3, 2018
Woodmere, NY The CBRE team of first vice president Elli Klapper, first vice president Charles Berger and associate Jay Gelbtuch, working together with executive vice president Richard Karson from the Long Island office, completed the sale of a former nursing home and rehabilitation center located at 130 Irving Place. The investment sales team arranged the $4 million transaction on behalf of the seller and procured the buyer, Esplanade Capital, which plans to retrofit the existing property and create a best-in-class assisted living facility and memory care center.
Message from the NYSCAR president: Annual Conference - by Guy Blake
April 3, 2018
Whether you are looking for great networking or you need continuing education credit, mark your calendar and plan to attend the 17th Annual NYS Commercial Real Estate Conference June 4-6, 2018 at the Turning Stone Resort Casino in Verona! The conference, chaired by James Walker, CCIM, will be hosted by the New York State Commercial Association of Realtors, the Upstate Chapter of CCIM, the Society of Exchange Counselors (SEC) and the National Council of Exchangors (NCE).