Long Island

Commercial Classroom: 1031 exchange “basics” - by Edward Smith

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

EW Howell Construction opens Orchard Estate with Benchmark Senior Living

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.

Tsiolis of Diversified Realty LI sells 98,000 s/f

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

Island Associates completes five leases totaling 7,780 s/f

Brentwood, NY Island Associates has completed five leases totaling 7,780 s/f. Island Associates represented the landlord in a lease between

BOMA Long Island’s 11th Annual “Bowling with BOMA” - Oct. 24th

Jericho, NY BOMA LI held their 11th Annual Bowling with BOMA on October 24th, which was a successful night.  Their teams were very competitive, but all managed to have fun

Hunt Corp. Question & Answer: Property inspections - by David Hunt

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?

Horn of Schacker Realty brokers $2.6 million sale: 33,871 s/f industrial

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.

Manicone, Fox and Cardino of JM2 Architecture design Unique Fitness in Holbrook

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.

Preuss of Cushman & Wakefield acts for Bapax Ltd. in $5.75 million sale

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.

Densen and Mayor of Island Associates complete
$5.095 million office building sale in Central Islip

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)...