News: Long Island

Zere Real Estate brokers $987,500 sale of 6,900 s/f property

Michelle Marie Zere,
Zere Real Estate

 

Michael Zere,
Zere Real Estate

 

Nesconset, NY Michelle Marie Zere and Michael Zere of Zere Real Estate Services were the exclusive brokers for the investment sale of 205 Smithtown Blvd. The commercial free-standing office building is 6,900 s/f on a half acre corner property along the growing Nesconset Business Corridor.

205 Smithtown Blvd. - Nesconset, NY

Zere Real Estate Services represented both the seller Valco Holdings LLC and the buyer Plotke LLC in this investment sale. The property sold for $987,500

“ The location of this office building investment is located on a business cut through from Northern State Parkway, NYS Rte. 347 and the Smithtown Business Corridor. It is close to the LIE Exit 58. National retailers such as Starbucks, Dunkin Donuts, 7 Eleven, CVS Pharmacy, Ace Hardware and Peoples United Bank realized this along with strong demographics were the right combination for success,” said Michelle Marie Zere.

“ There is an extreme shortage of small office building investment properties for sale with hundred percent tenancy on Long Island. Properties do not stay on the market for long when priced to sell,” said Michael Zere.

MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.