News: Long Island

Hackett of Metro Realty Services brokers two sales

135 Brightside Avenue - Central Islip, NY

Central Islip, NY Metro Realty Services, LLC negotiated two sales transactions.

Jeremy Hackett of Metro Realty Services sold a 4,800 s/f industrial/warehouse building at 135 Brightside Ave. to Allstate Carburetor & Fuel Injection Inc. for $1.399 million. The building has 16 ft. ceilings and two drive-in loading docks. Hackett represented the seller, Alfa Chemistry Inc., and Mike Quadrino of Concorde Realty represented the buyer.

90 Remington Boulevard - Ronkonkoma, NY

And in Ronkonkoma, Hackett sold an 8,000 s/f industrial building at 90 Remington Blvd. to D-Five Ronkonkoma LLC for $2.45 million. The building, on a .58-acre lot, has 19 ft. ceilings, two drive-in loading doors, and includes 2,000 s/f of office space. Hackett represented both the seller, Janex Holding Corp, and the buyer.

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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.