Cushman & Wakefield
Hempstead, NY David Pennetta and Robert Stricoff of Cushman & Wakefield and Tim Flint and Mark Zussman of CBRE represented the seller in the $10.5 million sale 40 West Columbia St. Known as the Rivoli house, the five-story story property features 112 units of low-income housing and a ground floor retail space. The seller was Rivoli Redevelopment Corp. and the buyer was Rivoli LG Redevelopment Co. LLC.
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.