
West Islip, NY Robert Raffa and Robert Monahan from Island Associates negotiated a new lease at 425 Union Blvd. The new addition to the new 20,000 s/f center is Wolf Gang Bakery & Grooming. They will be occupying 1,500 s/f and have over 400 locations in 34 states being one of the fasting growing pet grooming/spas in the nation.
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,