News: Brokerage

Zere of Zere Real Estate Services closes on 12,000 s/f building sale for $1.8 million; Charles Ruttenberg Realty reps buyer

Bohemia, NY Zere Real Estate Services was instrumental in selling an exclusive property at 1645 Sycamore Ave. in Suffolk County. The property is in the MacArthur Airport Veterans Memorial Highway Business Corridor. The building is a 12,000 s/f free standing commercial industrial building. The purchase price was $1.8 million.

Michael Zere,
Zere Real Estate Services

Michael Zere, executive vice president of Zere Real Estate Services represented the seller, Tri-State Moving Services while Robert Clark of Charles Ruttenberg Realty represented the buyer, MCI Solutions Inc. 

“This industrial building was in excellent shape, with great loading capacity and offered a variety of transportation options for warehouse distribution and easily accessible to transportation arteries such as Sunrise Highway, the LIE Long Island Expressway and Veterans Memorial Highway,” said Zere.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

A fresh start - by Shallini Mehra and Amit Doshi

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
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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