Lynbrook, NY Rick Carello of KW Commercial completed the sale of a 3,000 s/f warehouse located at 283 Hendrickson Ave.
The sale price was $764,000.
The seller was Gabriel/AGI and the purchaser was O’Connor Construction. Private equity funded the transaction.
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.