Valley Stream, NY Todd McIndoo of Community Commercial and David Jagarnaut of DJR Realty closed sale of mixed-use property located at 82 Rockaway Ave. for $700,000. McIndoo represented the seller and Jagarnaut represented the buyer.
This two-story property consists of 6,200 s/f of commercial retail and office space. Located in the downtown area, the property is accessed by the Long Island Railroad or via local roads. Adjacent to the property is a large municipal parking lot.
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.