Long Island

Botticelli joins Forchelli Deegan Terrana as associate

Uniondale, NY Gabriella Botticelli has joined the law firm of Forchelli Deegan Terrana LLP as an associate in the tax certiorari practice group. She concentrates her practice in the specialty area of property tax refund and reduction, commonly known as tax certiorari. Botticelli has experience with properties throughout NYS, specifically the Suffolk, Nassau, and Westchester counties.

Commercial Classroom: Opportunity Zones - by Edward Smith

This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners.  A part of the tax bill that became law at the end of 2017 was the “Investing in Opportunity Act,” which established the Opportunity Zone program. The idea was to create incentives to revitalize economically distressed communities using private funding not taxpayer dollars.

LIREG members tour MTA East Side Access Project; To provide LIRR service to the east side of Manhattan

New York, NY The Long Island Real Estate Group (LIREG), of which Richard Herzbach is co-president, recently arranged a special tour of the MTA East Side Access Project. East Side Access provides new LIRR service to the east side of Manhattan, supplementing existing service to Penn Station on Manhattan’s west side and Atlantic Terminal in Brooklyn. The East Side Access megaproject is one of the largest transportation infrastructure projects currently underway in the U.S. with a history that reaches back to the 1950’s when discussions were first held regarding regional transportation planning. The project encompasses work in multiple locations in Manhattan, Queens and the Bronx and includes eight miles of tunneling.

Kwan elected president of the Appraisal Institute Long Island chapter

Mineola, NY Charissa Kwan, MAI, AI-GRS, has been elected president of the Long Island chapter of the Appraisal Institute for 2019. Serving Nassau and Suffolk counties of Long Island, the chapter assists local real estate appraisers to earn Appraisal Institute professional membership designations and provides appraisal education and networking to the real estate and related industries.

Perna of Newmark Knight Frank completes $4.4 million sale and five leases totaling 165,400 s/f on Long Island

Brentwood, NY Ralph Perna, executive managing director at Newmark Knight Frank, has brokered one $4.4 million sale and five leases totaling 165,400 s/f. The deals include the following: • The $4.4 million sale of 75 Emjay Blvd., Brentwood. The 43,000 s/f building sold to Universal Door from Brooklyn. The seller was Michbi Door.  Perna represented both sides.

Koenigsberg and Alper of American Investment Properties broker $1.675 million

Cold Spring Harbor, NY American Investment Properties has brokered the $1.675 million sale of 117 Main St. The 6,000 s/f property contains office and retail space. Ron Koenigsberg, CCIM, president, of AIP represented the seller and Lyle Alper, associate of AIP, represented the buyer. 

LiBretti of Industry One reps buyer and seller in $260,000 retail building sale

Sayville, NY Brian Campbell has purchased an 829 s/f, free-standing retail building at 32 Foster Ave. for $260,000. The new owner is still in discussion with architect, John Bracco, regarding plans for the property. Talks of quick serve, professional office, or a hair salon is at the top of the list. Carmine LiBretti of Industry One Realty Corp. represented the buyer as well as the seller, 5 Ch’s Properties LLC.

Delisle and Monahan of Island Associates arrange $900,000 sale of 10,000 s/f building in Lynbrook

Lynbrook NY Roger Delisle and Robert Monahan of Island Associates Real Estate Inc. have negotiated and closed the sale of 230-234 Hempstead Ave. The property sold for $900,000.  The site consists of a 10,000 s/f building occupied by 5 Corner Fitness.  The seller was LP Gold Realty Corp.

Mapping Long Island: A look at the demographics and real estate happenings for the village of Babylon - by Ron Koenigsberg

In this quarterly series, we examine Long Island towns exploring facts and demographics, real estate happenings, and recent or new changes. Located in the town of Babylon, Babylon Village in Suffolk County, New York is a 2.8 square mile area, which is home to over 12,500 people and 4,700 households, as of the 2010 census. While the median age is 43, the village’s population is spread out with 5.3% under the age of five, 22.5% under the age of 18, 5.2% from 20-24, 25.7% from 25-44, 31.6% from 45-64, and 12.1% who were 65 years or older. The median family income in Babylon Village is $127,407 with a median property value of $440,400.  The home-ownership rate was 78.2% and 15.3% of housing units were in multi-unit structures. 

Hauser appointed COO of Daniel Gale Sotheby’s

Cold Spring Harbor, NY According to Deirdre O’Connell, CEO of Daniel Gale Sotheby’s International Realty, the firm has named Deborah Hauser as its COO. Longtime COO Tom Calabrese will be assuming a senior executive advisor role. “Since Deborah Hauser took her first sales management post in 2012, she’s been a galvanizing force in the tremendous growth of Daniel Gale Sotheby’s International Realty,” said O’Connell. “Her deep understanding of the organization and the industry at large stems from her early success as a top producing real estate advisor whose expertise has continued to develop through a succession of management positions.”