Category: Long Island
ACC Real Estate Services brokers three Long Island sales totaling $7.455 million
September 3, 2019
Mineola, NY ACC Real Estate Services, Inc. has brokered three sales totaling $7.455 million. The first deal was the $4.2 million sale of a 20,000 s/f building at 155 First St., Mineola. The seller was David Liestman of Koeppel Martone Leistman. This buyer of this property was Michael Ambrosino of Ambrosino Consultant Corp.
Hunt Corp. Question & Answer: Measuring space
September 3, 2019
Q: Brokers seem to quote space as both useable and rentable s/f. Would you please explain rentable and useable s/f, and how are they both calculated?
A: The space that a tenant can actually use is called “useable,”
Cohen of Ashlind Properties arranges two leases totaling 46,200 s/f; Also completes a $4.6 million s...
September 3, 2019
Medford, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial realtor, arranged two leases totaling 46,200 s/f and a $4.6 million sale. The deals include the following:
Breslin of Breslin Realty brokers two leases for Greek Xpress totaling 3,158 s/f; Delavale reps land...
September 3, 2019
Garden City, NY According to Breslin Realty, Justin Breslin (second-year Hofstra Law student and grandson of Wilbur Breslin, chairman of the board of Breslin Realty) has brokered two long-term leases with Greek Xpress totaling 3,158 s/f...
Tsiolis of Diversified Realty LI represents buyer in $900,000 sale
September 3, 2019
West Babylon, NY Upper Restoration, a restoration and cleaning company serving Long Island, the five boroughs of New York, New Jersey, Pennsylvania and Connecticut has purchased a 7,000 s/f warehouse...
Racanelli Construction completes $1.2 million interior fit-out project; 3,998 s/f project built for ...
September 3, 2019
Melville, NY Racanelli Construction Company, Inc. has completed a 3,998 s/f, single-story building project on behalf of TD Ameritrade Holding Corp. The interior fit-out project, for which Racanelli served as the general contractor....
Dunne, Pride and Apfel of CBRE complete sale of 232-unit apartment property
September 3, 2019
Bay Shore, NY CBRE has arranged the sale of Fairfield Courtyard at Bay Shore – a 232-apartment workforce housing community. The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel represented the owner...
Sass of Silber Investment Props. completes $6.625 million sale; Collaborated with RPS capital and Ha...
September 3, 2019
Hicksville, NY T.M. JASME EAST, LLC has purchased properties located at 96-102 N Broadway, 1-3 Newbridge Rd. and 29 Williams St., from RIARK, LLC for $6.625 million at 6.5% cap rate through a 1031 exchange.
Classi of GCP arranges $12.95 million in financing for two senior apartment complexes
September 3, 2019
West Sayville, NY GCP Capital Group LLC has arranged $12.95 million in combined financing for two 55+ senior citizen apartment complexes containing a total of 18 two-story buildings
CBRE completes three leases for Regus totaling 87,200 s/f on Long Island
September 3, 2019
Inwood, NY The CBRE team of Vincent LaManna, Richard Freel and Peter Danna represented Regus, a provider of flexible workspace solutions, in three transactions comprising two lease renewals and an expansion totaling 87,200 s/f.
Merrell and Solano join Douglas Elliman Commercial, Long Island
September 3, 2019
Huntington, NY Douglas Elliman has hired two new licensed real estate employees, Jason Merrell and Diane Solano. Merrell has joined the firm as a licensed real estate salesperson/commercial specialist.
Commercial Classroom: Cataloging opportunities - by Edward Smith
September 3, 2019
Each day some time should be spent prospecting business for the future. One technique is to systematically go door to door introducing yourself to all tenants and building owners in town. Visit just two businesses a day, that’s 10 a week, 40 a month.
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