Hampton Bays, NY The first townhomes at the Hampton Boathouses—a luxury, waterfront townhome community by Rechler Equity Partners—are now accepting applications and providing tours. Due to a desirable rental market on Long Island’s East End, the first 16 homes at the Hampton Boathouses will be available for a year-long rent, rather than purchase. With a large percentage of the workforce still working remotely, the two fully furnished model homes have been staged so individuals can visualize their new work/life balance with unmatched views of the Shinnecock Canal.
Smithtown, NY Island Associates Real Estate, Smithtown-based commercial real estate brokers and developers, handled the sale of the Castro Medical Building located at 1056 West Jericho Tpke. and the adjoining lot. The sale price was $1.435 million.
Brightwaters, NY Suffolk Realty Group, Inc. and One Realty Services, Inc. have handled the following transactions: Harry Antario, licensed associate real estate broker of Suffolk Realty Group, Inc. and Patrick Curtis, the corporate broker for locally-based One Realty Services, Inc., have brokered
Bohemia, NY The Commercial Division of Douglas Elliman completed the following transactions: 4875 Sunrise Hwy.: A 26,000 s/f office building sold for $4.15 million. Michael Murphy of DE Commercial represented the seller, Romaz Properties and Greg Mogil of Mogil Realty represented
Q: What is the best way to allow space expansion capability in our lease negotiations? A: Probably the most common lament that I hear one year after a tenant has occupied new space is
Uniondale, NY Marcus & Millichap completed the sale and financing of a 60,896 s/f ShopRite grocery store. The property sold for $19.5 million. Wolfe and Glen Kunofsky in the firm’s Manhattan office represented the seller. Brad Nathanson of Marcus & Millichap’s Institutional Property Advisors (IPA) division in
Uniondale, NY Forchelli Deegan Terrana LLP’s (FDT) managing partner, Jeffrey Forchelli, was appointed a trustee of Wagner College, a private liberal arts college on Staten Island
West Babylon, NY Metro Realty Services, LLC completed the following transactions: Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 11,312 s/f at 260 Montauk Hwy. in Bay Shore. Hackett and Blumenthal represented both
In the “old” day’s office space was figured at 250 s/f per employee, with each employee having their own desk and a significant number of private offices. In the 1980s, the firm Ernst and Young realized that most of their workforce spent most of
Port Washington, NY The Nassau County Industrial Development Agency (NCIDA) has approved support for a $15 million investment by 101 Channel LLC, an affiliate of Lunar Module Park, LLC, to renovate a 100,000 s/f facility into a film studio. The former Publishers Clearing House building, located at 101 Channel Dr
