When the growth of the property tax expense outpaces rental revenue, property owners must be creative in an effort to maximize their net operating income (NOI). For decades, savvy property owners have been utilizing their roofs for just that. The roof can be a valuable asset in two main areas: installation of
East Hampton, NY Brown Altman & DiLeo, LLP after extensive negotiation, David Altman, founding partner of Brown Altman & DiLeo handled a commercial leasing transaction on behalf of ConnectOne Bank. This new full-service branch is located at 78B Park Pl., securing a long-term commitment for the
Islip, NY Roger Delisle and Richie Buono of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of a 5,200 s/f industrial/warehouse building located at 205 Brookville Ave. The warehouse section of the building has over 20 ft. of clear space below the steel,
Melville, NY Nelson + Pope (N+P) has promoted Keith Gurnick, RA, LEED AP to senior associate partner. Gurnick will continue to lead and develop the architectural team while focusing on broadening the department’s range of services, projects, and markets. With over 30 years of experience, Gurnick’s
West Babylon, NY Jeremy Hackett of Metro Realty Services, LLC negotiated three sale transactions totaling $6.55 million. Hackett sold 4,600 s/f at 441 Falmouth Ave. to 441 Mangano Realty Corp for $1.5 million.
East Hampton, NY According to Manhattan Skyline Management Corp., ConnectOne Bank has opened a new, 2,000 s/f retail banking location at 78B Park Place. This marks the regional bank’s second location in East Hampton, joining its 14 Main St. branch.
Today many clients are revising investing in Triple Net (NNN) properties. Buying properties with NNN leases where the tenant or tenants are responsible for paying all the expenses of the property including taxes, insurance, utilities, repairs and all maintenance
The United States is in the midst of a housing crisis. Since the early 1900s, homeownership has been a key component of the American dream. A home was more than just real estate; it signified an investment in one’s family, community, and country
Bohemia, NY People’s Arc of Suffolk, formerly known as AHRC Suffolk, plans to explore the sale of its building located at 2900 Veterans Hwy. The decision comes as the organization seeks to align its operations more closely with its mission of serving people with
Central Islip, NY PX4 Development celebrated the grand opening of the 14
th Aldi store in Long Island, located at 215 Carleton Ave. The new store opened its doors to the community with a celebratory ribbon-cutting ceremony attended by local leaders, community
