News: Brokerage

Zere of Zere Real Estate Services sells class A office building for $4.2 million

1050 Old Nichols Road - Islandia, NY
Marie Zere

Islandia, NY Marie Zere, president and CEO of Zere Real Estate Services, sold 1050 Old Nichols Rd. The sale price was $4.2 million. The building is a 14,030 s/f class A commercial office building situated on 1.4 acres off the Long Island Expressway (LIE) Exit 59 Service Rd. Built in 2012, the two-story elevator commercial office building features a security system, solar rooftop, energy efficient, ThinkLite Driverless LEDs, sprinkler system,   2,700 s/f basement for storage, and  public transportation bus route.

This high tech luxury office building also had extravagant award winning design finishes such as granite floors, custom woodworking, wallcoverings and built in furnishings

As one of the owners of the property Zere sold the building on behalf of her partners directly with no other brokerage firm involved  during the COVID 19 Pandemic. 

“The building closed quickly at $4.2 million,” said Zere.

She created a no nonsense marketing plan with tremendous outreach that attracted a highly qualified buyer after only four months on the market. An established medical group out of Manhattan stepped forward to purchase the building making it smooth quick transition for everyone.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their