Ronkonkoma, NY Realty Connect Commercial Partners completed the sale at 2135 Pond Rd. The sale price was $1.275 million. Thomas Murphy, a licensed sales associate at Realty Connect Commercial Partners, represented the purchaser, AA Surplus Sales.
Hauppauge, NY The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene Pride, Steven Bardsley, David Gavin and Eric Apfel handled the sale of Devonshire Hills, a 656-unit multifamily community for an undisclosed sum. CBRE represented the owner, The Bainbridge Cos.
Bay Shore, NY Jeremy Hackett of Metro Realty Services, LLC sold 0.46 acres of industrial land at 3 Orgill Ave. The buyer, Lun Brothers LLC, was represented by Hackett and purchased the land for $600,000.
West Islip, NY Christopher Mayor and Lawrence Densen of Island Associates brokered a 15-year lease agreement with Brownstones Coffee, for a 4,554 s/f stand-alone restaurant as part of a new center being built at 425 Union Blvd. Brownstones will be joining 7-Eleven to anchor the new 19,757 s/f center.
Q: We are placing our industrial building on the market shortly. What are some of the ways we can make our building stand out and get top dollar? A: Not many owners of available commercial real estate take the time to evaluate their competition, but that is precisely the way to create a marketing plan that will help your property stand out in the marketplace.
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Muhammad Ali famously said:
“Don’t count the days, make the days count.”Uniondale, NY According to Forchelli Deegan Terrana LLP, (FDT) the firm has a combined total of 34 attorneys selected to the 2020 New York Metro Super Lawyers and New York Metro Rising Stars lists. FDT congratulates the following 19 attorneys for being selected to the 2020 New York Metro Super Lawyers list: Joseph Asselta (Construction Litigation); Back in March of 2020 as the world came to an economic halt with many industries that those in the professional service business rely on such as financial institutions and construction, due diligence firms were impacted. The initial freeze that was only supposed to last for a few weeks, quickly turned into a much longer time frame. Decreased revenues as a result of COVID-19 has been well reported amongst all property types, but significant increases in expenses are frequently overlooked. Sophisticated owners understand that it’s not how much money you earn, it’s how much you keep. In early 2020, the economy was on a steady climb and real estate was humming along. Then came COVID-19. As society adapts to the new norm, so too must the real estate and commercial lending markets. While we all await a vaccine rescue, innovators in the real estate market are developing new ways to mitigate risks and financial exposure
