ACC Real Estate Services, Inc. has brokered three sales totaling $7.455 million. The first deal was the $4.2 million sale of a 20,000 s/f building at 155 First St., Mineola. The seller was David Liestman of Koeppel Martone Leistman. This buyer of this property was Michael Ambrosino of Ambrosino Consultant Corp.
Q: Brokers seem to quote space as both useable and rentable s/f. Would you please explain rentable and useable s/f, and how are they both calculated?
A: The space that a tenant can actually use is called “useable,”Medford, NY
Richard Cohen, president of Ashlind Properties, an industrial/commercial realtor, arranged two leases totaling 46,200 s/f and a $4.6 million sale. The deals include the following:Garden City, NY
According to Breslin Realty, Justin Breslin (second-year Hofstra Law student and grandson of Wilbur Breslin, chairman of the board of Breslin Realty) has brokered two long-term leases with Greek Xpress totaling 3,158 s/f...
West Babylon, NY
Upper Restoration, a restoration and cleaning company serving Long Island, the five boroughs of New York, New Jersey, Pennsylvania and Connecticut has purchased a 7,000 s/f warehouse...Melville, NY
Racanelli Construction Company, Inc. has completed a 3,998 s/f, single-story building project on behalf of TD Ameritrade Holding Corp. The interior fit-out project, for which Racanelli served as the general contractor....Bay Shore, NY
CBRE has arranged the sale of Fairfield Courtyard at Bay Shore – a 232-apartment workforce housing community. The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel represented the owner...Hicksville, NY
T.M. JASME EAST, LLC has purchased properties located at 96-102 N Broadway, 1-3 Newbridge Rd. and 29 Williams St., from RIARK, LLC for $6.625 million at 6.5% cap rate through a 1031 exchange.
West Sayville, NY
GCP Capital Group LLC has arranged $12.95 million in combined financing for two 55+ senior citizen apartment complexes containing a total of 18 two-story buildingsInwood, NY
The CBRE team of Vincent LaManna, Richard Freel and Peter Danna represented Regus, a provider of flexible workspace solutions, in three transactions comprising two lease renewals and an expansion totaling 87,200 s/f.