Lynbrook, NY Vanderbilt Realty completed a $1.5 million sale and two leases totaling 4,950 s/f. In the first deal, Joe Giordano of Vanderbilt Realty has negotiated the $1.5 million sale of 393 Sunrise Hwy. This mixed-use property consists of seven tenants who occupy both retail and office units. It is located directly across from the LIRR Lynbrook train station.
The American Society of Testing Materials (ASTM) which is tasked with developing the scope of work for Environmental Site Assessment (ESA) reports recently began work to upgrade its property environmental due diligence standard, E1527-13. The two digit number at the end represents the year it was published.
If cost segregation has such a high value, why do so few property owners use it?
The main reason is lack of education. In order to successfully, effectively and correctly complete cost seg studies, you must understand both engineering as well as ever-changing tax laws…
Long Island has long been one of the tri-state area’s most stable office markets and despite showing signs of softening during Q3 2018, there are still healthy indicators of strength.
The most dangerous point in a recovery can be shortly after economic activity starts looking better. It can be tempting to think the hard work is done and that maybe the outlook will just keep improving, even without a continued focus on revitalization…
Niskayuna, NY Lisa Menin of Jacobson Properties and Michael Crisafulli of Crisafulli Associates have completed the sale of Albany Med at Niskayuna, a 37,821 s/f medical office building located at 1769 Union St. in Schenectady County. The building is fully leased by Albany Medical College.