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
Bay Shore, NY Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two class A industrial buildings totaling 560,719 s/f at 145 and 158 Candlewood Rd.
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated a long-term lease extension with FuRong Chinese Restaurant for the 3,180 s/f they occupy at Strathmore Commons. FuRong has been a tenant for over 20 years at Strathmore Commons
I have five criteria for you to consider that will help boost the future value of your real estate. But first and foremost, the building must suit your own needs today. Don’t get so caught up in the investment side of the acquisition that you ignore your company’s business
Medford, NY Frederick Braun, chairman of the Town of Brookhaven Industrial Development Agency (IDA), said that the IDA has closed on a package of economic development incentives for a proposed affordable rental apartment complex for adults 55-plus.
A consistent program is the key to success. Begin with a “sphere of influence” list, literally everyone you know. Prepare a brief letter announcing or reminding people on the list that you are in the commercial and investment real estate brokerage business. Add a few
Vacant land in Nassau County and New York City falls under unique rules of taxation regarding how it is assessed and how annual tax bills are calculated. Both jurisdictions are classified as “Special Assessing Units” under Article 18 of the NYS Real Property Tax Law (RPTL).
