Melville NY Five Point Real Estate handled the sale of a former AT&T location. The subject, which was vacant at the time of the sale, is located at 594 Walt Whitman Rd.
The sale price was $935,000.
Jerry Mancini of Five Point Real Estate represented both the buyer, a private LI investor, and the seller, Jerry Nazarian.
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.