Category: Long Island

Woodmere, NY The CBRE team of first vice president Elli Klapper, first vice president Charles Berger and associate Jay Gelbtuch, working together with executive vice president Richard Karson from the Long Island office, completed the sale of a former nursing home and rehabilitation center located at 130 Irving Place. The investment sales team arranged the $4 million transaction on behalf of the seller and procured the buyer, Esplanade Capital, which plans to retrofit the existing property and create a best-in-class assisted living facility and memory care center.

Hicksville, NY Zeev Douek, a director at Q10 New York Realty Advisors, has arranged a $1.2 million non-recourse permanent loan on a 3,300 s/f single-tenant retail building located on 240 North Broadway in close proximity to the Broadway Mall. The loan was placed with a New York-based bank and was a cash-out refinance at a 4.5% fixed interest rate. 

Holbrook, NY Marvin Hartman, executive vice president at Pliskin Realty & Development, has represented the landlord and tenants in two leases totaling 4,200 s/f.

East Meadow, NY Southgate Commercial Real Estate has signed a 900 s/f lease at 573 East Meadow Ave.  The space will be an additional location of A-1 Universal Care Inc. Joseph Barbuto, MBA, CIREC, of Southgate Commercial, is the real estate agent who represented A-1 Universal Care and the landlord, 571 East Meadow Ave LLC.

Valley Stream, NY Anthony Fornabaio and Ben Schulman of Vanderbilt Realty have negotiated a 4,400 s/f industrial lease signing at 396 Rockway Ave. The 10-year lease represents the new home of All About Records (AAR). Vanderbilt Realty was the exclusive broker.