News:
Brokerage
Posted: December 14, 2021
The Rochlin Organization sell industrial building for $1.75 million
Melvile, NY Commercial real estate services firm The Rochlin Organization announced the sale of 100 E Mineola Ave. for $1.75 million.
Located on East Mineola Ave. in Valley Stream, the building is a 21,365 s/f multi-tenanted industrial building with a 17,000 s/f lower level. The property sits on 0.83 acres and spans two blocks accommodating its 4-tenants.
Elizabeth Holmes of The Rochlin Organization represented the seller of the property in the transaction. “After an extensive marketing process, the buyer, Kay Development was attracted to the property because of its strong cash flow and ultimate upside potential. The existing tenants currently occupying the property provide a stable financial return over projected operating expenses”, said Holmes. “Kay Development is a seasoned investor and developer that will benefit from the leasing of vacant space and further assemble a tenant roster that will safeguard the long-term cash flow.”
“Elizabeth is a smart and diligent asset to our team here at the firm and we are proud to celebrate Elizabeth’s successes regularly,” said Adam Rochlin, principal of the firm.
Holmes said, “The Southern Nassau industrial market is currently exhibiting record low vacancy rates, and asset values are the highest in over a decade”.
Tags:
Brokerage
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
