Category: Long Island
Hackett of Metro Realty Services brokers three deals for $6.55 million
February 11, 2025
West Babylon, NY Jeremy Hackett of Metro Realty Services, LLC negotiated three sale transactions totaling $6.55 million. Hackett sold 4,600 s/f at 441 Falmouth Ave. to 441 Mangano Realty Corp for $1.5 million.
Manhattan Skyline Management welcomes ConnectOne Bank to 2,00 s/f at 78B Park Place
February 11, 2025
East Hampton, NY According to Manhattan Skyline Management Corp., ConnectOne Bank has opened a new, 2,000 s/f retail banking location at 78B Park Place. This marks the regional bank’s second location in East Hampton, joining its 14 Main St. branch.
Commercial Classroom: Back to Basics Triple Net Investments - by Edward Smith Jr.
February 11, 2025
Today many clients are revising investing in Triple Net (NNN) properties. Buying properties with NNN leases where the tenant or tenants are responsible for paying all the expenses of the property including taxes, insurance, utilities, repairs and all maintenance
To tackle the housing crisis, look to 3D printing - by Kevin Paul
January 28, 2025
The United States is in the midst of a housing crisis. Since the early 1900s, homeownership has been a key component of the American dream. A home was more than just real estate; it signified an investment in one’s family, community, and country
First Development named agent for People’s Arc of Suffolk’s 74,000 s/f property at 2900 Veterans...
January 14, 2025
Bohemia, NY People’s Arc of Suffolk, formerly known as AHRC Suffolk, plans to explore the sale of its building located at 2900 Veterans Hwy. The decision comes as the organization seeks to align its operations more closely with its mission of serving people with
PX4 Development opens 14th
Aldi store on Long Island
January 14, 2025
Central Islip, NY PX4 Development celebrated the grand opening of the 14th Aldi store in Long Island, located at 215 Carleton Ave. The new store opened its doors to the community with a celebratory ribbon-cutting ceremony attended by local leaders, community
Cushman & Wakefield arranges Rockefeller
Group’s sale of Candlewood Industrial Park
January 14, 2025
Bay Shore, NY Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two class A industrial buildings totaling 560,719 s/f at 145 and 158 Candlewood Rd.
Island Assocs. brokers two long-term lease extensions at Strathmore Commons
January 14, 2025
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated a long-term lease extension with FuRong Chinese Restaurant for the 3,180 s/f they occupy at Strathmore Commons. FuRong has been a tenant for over 20 years at Strathmore Commons
Hunt Corp. Commercial Real Estate Q&A: Buying for resale value - by David Hunt
January 14, 2025
I have five criteria for you to consider that will help boost the future value of your real estate. But first and foremost, the building must suit your own needs today. Don’t get so caught up in the investment side of the acquisition that you ignore your company’s business
Brookhaven Industrial Development Agency closes on economic development incentives package for propo...
January 14, 2025
Medford, NY Frederick Braun, chairman of the Town of Brookhaven Industrial Development Agency (IDA), said that the IDA has closed on a package of economic development incentives for a proposed affordable rental apartment complex for adults 55-plus.
Commercial classroom: 2025 goal: Develop your commercial referral business - by Edward Smith Jr.
January 14, 2025
A consistent program is the key to success. Begin with a “sphere of influence” list, literally everyone you know. Prepare a brief letter announcing or reminding people on the list that you are in the commercial and investment real estate brokerage business. Add a few
Know your zone: The tax implications of vacant land in New York City and Nassau County - by Jeremy M...
January 14, 2025
Vacant land in Nassau County and New York City falls under unique rules of taxation regarding how it is assessed and how annual tax bills are calculated. Both jurisdictions are classified as “Special Assessing Units” under Article 18 of the NYS Real Property Tax Law (RPTL).
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