The sale of real estate held for more than 12 months triggers capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the one(s) being
Woodbury, NY EW Howell Construction Group celebrated the opening of Orchard Estate of Woodbury, Benchmark Senior Living’s second assisted living community on Long Island.
Farmingdale, NY Tommy Tsiolis of Diversified Realty LI, Inc. was the sole broker in the sale of 1 Adams Blvd. The 98,000 s/f building is on 4.35 acres with
Brentwood, NY Island Associates has completed five leases totaling 7,780 s/f. Island Associates represented the landlord in a lease between
Jericho, NY BOMA LI held their 11
th Annual Bowling with BOMA on October 24
th, which was a successful night. Their teams were very competitive, but all managed to have fun
Q: Our firm will need to relocate within the next year, and we are ready to start looking at prospective sites. Do you have any recommendations for physically inspecting properties with our broker?
Oceanside, NY According to Schacker Realty, a fully-tenanted property at 3300-3380 Lawson Blvd. has sold for $2.6 million. The seven-unit multi-tenant industrial building contains 33,871 s/f.
Holbrook, NY According to JM2 Architecture, a new facility for Unique Fitness has been completed at 4890 Veterans Memorial Hwy. JM2 was the project architect. The project cost was not disclosed.
Hicksville, NY Cushman & Wakefield (C&W) has arranged the sale of 550 West Old Country Rd., a 48,000 s/f office/redevelopment property. The final closing price is $5.75 million.
Central Islip, NY According to Lawrence Densen and Chris Mayor of Island Associates Real Estate, the $5.095 million sale of a 21,300 s/f office building, Court House Plaza, located at 267 Carlton Ave. has been completed. The building is close to Bethpage Ballpark (home of the LI Ducks)...
