Category: Long Island
Hempstead Industrial Development Agency reauthorizes incentives package for developer of $212 milli...
June 13, 2023
Hempstead, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said that the agency has reauthorized an economic incentives package for a developer planning to construct a transit-oriented apartment/retail complex on a well-known,
STRATCO Property Solutions awarded PSEG Long Island’s “Multi Family Top Performer”
June 13, 2023
Uniondale, NY STRATCO Property Solutions has been awarded PSEG Long Island’s “Multi Family Top Performer” for saving energy on large building projects. The New York City-based contractor works with multifamily building
Island Associates negotiates three leases totaling 6,855 s/f
June 13, 2023
Islip, NY Island Associates negotiated three lease agreements for retail and office space at two properties. Pat’s Carpet has entered a long-term lease for 2,855 s/f of retail/showroom space at 181 Freeman Ave. Pat’s Carpet is relocating its showroom to Freeman Ave. and the landlord is building-out a new showroom and warehouse area for the flooring business.
Commercial classroom: Back to basics - retail properties - by Edward Smith Jr.
June 13, 2023
Stores may be free standing, found in strip centers, shopping centers or malls. Retailers differ in their preference but have a common concern about finding the right location for their business. A strip center is a single building that has been divided typically into five to 10 stores. The structure allows for reconfiguration of the individual store sizes.
Even in a stagnant market one thing increases - property taxes - by Brad and Sean Cronin
June 13, 2023
The value of your property has flattened, and rents are not increasing, yet your real estate taxes continue to escalate. The reason for this is because property taxes on Long Island are not solely tied to a property’s current market value. We’ve seen less activity in the
Hunt Corp. Commercial Real Estate Q&A: Usable and rentable square feet - by David Hunt
June 13, 2023
Q: Brokers seem to quote space as both useable and rentable square footage. What is the difference between rentable and useable square feet (s/f), and how are they both calculated? A: The space that a tenant can actually use is called “useable,” or sometimes “carpet-able,” square footage.
Manhattan Skyline Management and Isaacs and Co. broker lease for Diptyque
June 13, 2023
East Hampton, NY According to Manhattan Skyline Management Corp., French perfume house Diptyque is opening a boutique in the village at 11 Newtown Ln. this summer. Started by Christiane Montadre-Gautrot, Yves Coueslant and Desmond Knox-Leet
Should you accept a previous Phase One Environmental Site Assessment? - by Chuck Merritt
June 13, 2023
Many times, during a commercial real estate transaction that was not finalized, there is a Phase One Environmental Site Assessment (ESA) available. This may be the result of a buyer arranging one in which the seller was provided a copy. In some instances, a seller may tell the
Info Track program debuted at 35th annual Long Island Board of Realtors education conference and tra...
June 13, 2023
Woodbury, NY As part of the 35th Annual Long Island Board of REALTORS Education Conference and Trade Show, OneKey MLS, hosted its first-ever Info Track program, a hub of innovative training sessions and expert insights to help real estate professionals grow
Forchelli Deegan Terrana LLP congratulates Simoncic on being selected as one of Most Dynamic Women L...
June 13, 2023
Uniondale, NY Forchelli Deegan Terrana LLP congratulates Judy Simoncic, the firm’s deputy managing partner, and a partner in its Land Use & Zoning practice group, on being selected by Long Island Business News to be featured in the 2023 Long Island Business Influencers
Gottlieb of Schuckman facilitates $2.85m sale of 332 Atlantic Avenue - property and car wash
May 16, 2023
Oceanside, NY Schuckman Realty has sold a commercial property and car wash located at 332 Atlantic Ave. The property and car wash, which is located on the corner of Atlantic Ave. and Rockaway Ave., consists of a 3,000 s/f building on a 15,000 s/f lot.
Commercial Classroom: Back to basics of office buildings - by Edward Smith
May 16, 2023
Users or investors may purchase office buildings. Or tenants may lease part or all of a building. In all cases customers want to know the overall size and type of building. Most office buildings are classified as A, B or C, others are designed specifically for medical use.
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