News: Long Island

Douglas Elliman handles four sales totaling $4.555 million and a 6,500 s/f lease

Michael Murphy,
Douglas Elliman

RONKONKOMA, NY Douglas Elliman has completed four sales totaling $4.555 million and one 6,500 s/f lease. The deals include:

• The $2.3 million sale of Hawkins Plaza at 400 Hawkins Ave., Ronkonkoma - a 5,500 s/f a multi-tenanted strip center. Michael Murphy of Douglas Elliman represent the seller, Steven Zhu, and the buyer was John Swaine. 

• The $1.2 million sale of 230-240-250 Jericho Tpke., Huntington Station. The subject contains three free-standing buildings on four lots with 140 ft. of frontage, Michael Gronenthal of DE Commercial represented the buyer, KAJJ Realty LLC, and Murphy represented seller, Piccolo Family Ltd Partnership. 

• A six-year, 6,500 s/f office lease at 625 RXR Plaza, Uniondale. Murphy represented the law offices of Terry Katz and Associates in the deal. 

• The $555,000 sale of 1400 Montauk Hwy., Oakdale. The retail property contains 0.40 acres and was brokered by Murphy. The seller was Deborah and Timothy Gould and the buyer was John Mannino, Robert Walker Jr.

• The $500,000 sale of 934-936 N. Broadway, Massapequa. Chris Pesce of Douglas Elliman represented the seller, H and J Broadway. and buyer Broadway Select LLC. The property contains a 2,800 s/f retail storefront, with two stores.

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.