Hicksville, NY ACS System Association has purchased a 30,000 s/f industrial building located at 101 New South Rd. for $5.15 million. Mario Asaro of Industry One Realty Corp. represented the buyer and John LaRuffa of NAI Long Island represented the seller, The Center For Development Disabilities Inc.
Q: We will be placing an industrial building on the market shortly. What is the best way to establish the right selling price?
A: Setting an asking price is more art than science, but certainly the first step is to establish the market value of the property. The real estate appraisal process considers three means of establishing value: the cost approach, the income approach and the market approach.
Ronkonkoma, NY Coldwell Banker Commercial NRT (CBC NRT) has brokered the $1.325 million sale of 2060 Ocean Ave. The buyer was Long Island Power Solutions (LIPS), a growing Islandia-based firm specializing in the solar industry. LIPS provides on-site power solutions for commercial and residential properties.
Melville, NY Rechler Equity Partners has entered into a long-term lease agreement with Catholic Health Services (CHS). The deal for 26,000 s/f of office/administrative space at 320 South Service Rd. will allow CHS to maximize efficiencies by locating several administrative services under one roof. “The share of companies that fall into the health care and pharmaceutical-related industries within our 6 million s/f portfolio continues to expand and represents the overall strength of this sector in our region,” said Mitchell Rechler, co-managing partner of Rechler.
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Boss Facility Services, Inc. in purchasing and renovating a 31,000 s/f building at 60 Adams Ave. Assistance from the IDA will leverage a $5 million investment, retain 59 existing jobs and create six new ones for Suffolk County residents.
Woodmere, NY Pugatch Realty Corp. has merged with Berkshire Hathaway Homeservices Laffey International Realty. Barry and Susan Pugatch of Pugatch Realty Corp. have joined the Laffey International executive team including Emmett Laffey, Gregory Berkowitz and John Schoonmaker as managing partners. They bring with them 30 seasoned agents and a loyal following of clients. “This is great news for home buyers and sellers in The Five Towns,” Barry Pugatch said.
Uniondale, NY Jay Hellman has joined the law firm of Forchelli Deegan Terrana as a partner in the construction law practice group, according...
Garden City, NY Janover LLC has promoted Mindy Kamen, CPA, to partner, effective January 1st. Kamen joined Janover right out of college and has risen through the ranks, from staff accountant to principal, to now being the youngest partner at the firm. This promotion has been earned through her work, commitment to excellence, performance, and an understanding that client relations are deep and beyond calculation.
Farmingville, NY According to Frederick Braun III, chairman of the Brookhaven Industrial Development Agency (IDA), Frank Trotta, a publisher, entrepreneur and lifelong resident of Bellport has been appointed to the IDA’s board of directors. Trotta is the owner of two publications, 50 Plus LifeStyles and Fire News. He also is a principal in a family-owned local real estate management company and is vice chairman of Suffolk Federal Credit Union.
Mineola, NY According to Nassau County executive Laura Curran, the Nassau County Industrial Development Agency (IDA) has appointed Danielle Oglesby as the agency’s deputy executive director. Oglesby, of Glen Head, has been chief operating officer at the LIU Global Institute at LIU Post in Brookville, which brings world and national leaders to the campus.
