News: Long Island

Syage of Hunt Corporate Services sells Dix Hills church building for $850,000

Hunt Corporate Services, Inc. has arranged the sale of the church building located at 45 North Service Rd. Chuck Syage of Hunt represented the seller, New Apostolic Church. The buyer, Salem Mar Thoma Church, was self-represented. New Apostolic Church consolidated various small churches and built a flagship congregation located at 145 Crossways Park Dr. in Woodbury. After two years of planning, construction, and preparations, the newly built church was completed and dedicated in January, 2014. "New Apostolic Church was happy to find just-the-right-new-owner for their little church building in Dix Hills. Small churches like this are a rare find and given the location, just off the Long Island Expressway, and the excellent condition of the building, this was the ideal move for Salem Mar Thoma Church," said Syage. The New Apostolic Church began over 140 years in Chicago, Manhattan, and Buffalo. The first congregations were nurtured both by evangelizing ministers and immigrant members from Europe, and by the local people. On the heels of these first three openings, other congregations were established from the East Coast, through the Great Lakes, and all the way to the West Coast. In the generations to follow, the first congregations have grown and branched out to comprise over 250 locations nationwide. Salem Mar Thoma Church, Eastern Long Island, originated in 2003. It started as a small prayer group in Eastern Long Island within Suffolk and Nassau counties of New York. The parish began with forty-eight families and currently has eighty families. The church relocated from 655 Old Country Road in Dix Hills, NY. Hunt Corporate Services, Inc. specializes in exclusively representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services, Inc. provides general contracting, construction management and maintenance services for Long Island companies. For further information, contact Lil Pavone at (516)937-1000 or [email protected]. Full information on the firm and its clients can be found at www.huntcorp.com and www.huntcsi.com.
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.