Schuckman Realty, Inc.
Mineola, NY Stanley Schuckman and Matthew Colantonio of Schuckman Realty, Inc. represented both buyer, AMF Corp., and seller, Framike Realty Corp, in the $6.2 million acquisition of a 34,364 s/f building located on 1.75 acres at 199 E Jericho Tpke.
Bowlmor AMF (also known as Sheridan Lanes) has and will continue to occupy the building. The property, which was assembled in 1940 as a collection of residential and commercial lots, is zoned as a bowling establishment.
This location is one of 13 in New York for Bowlmor AMF. The property is located on a signalized intersection on the southeast corner of East Jericho Tpke. and Sheridan Blvd. The purchase also includes a parcel adjacent to the property which Bowlmor AMF utilizes as a 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.