Delisle and Monahan of Island Associates arrange $900,000 sale of 10,000 s/f building in Lynbrook

 

 

Lynbrook NY Roger Delisle and Robert Monahan of Island Associates Real Estate Inc. have negotiated and closed the sale of 230-234 Hempstead Ave. The property sold for $900,000.  The site consists of a 10,000 s/f building occupied by 5 Corner Fitness.  The seller was LP Gold Realty Corp., who was the original operator of a fitness facility at the location, and the purchaser was Jado Associates LLC, a real estate investor who purchased the property as replacement property for a 1031 exchange. 5 Corner Fitness is under new ownership and will continue to occupy the property and operate a fitness facility.