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195 Northern Blvd., Great Neck
The Balterman family, local commercial real estate investors, purchased the 4,615-square-foot retail building on .39 acres at 195 Northern Blvd. In Great Neck for $3.15 million. The vacant property, which has 140 feet of frontage on Northern Boulevard, was formerly occupied by Great Neck Car Buyers & Sellers. The buyer plans on leasing the property to another auto business, according to a broker on the deal. Dan Abbondandolo, Robert Kuppersmith, Joegy Raju and Victor Little of Cushman & Wakefield procured the buyer and represented the seller, Northern Properties Associates LLC, an affiliate of Daniel Scheyer, in the sales transaction. Michael Sahn, of Uniondale-based law firm Sahn Ward Braff Coschignano, served as legal counsel to the seller.
10-12 Railroad Ave., Bethpage
A mixed-use property in Bethpage that’s had the same ownership for nearly three decades has been sold. Pervez Kahn, principal of Kahn Capital Group, purchased the two-story, 6,137-square-foot building on .15 acres at 10-12 Railroad Ave. for $2.1 million. The fully occupied building has nine rental apartments, and a ground-floor commercial space leased to Susan’s Pub, a popular local watering hole. The sale price equates to a 6.1 percent cap rate. Kahn Capital Group, which focuses on the acquisition and long-term ownership of multifamily and mixed-use assets throughout Long Island, plans significant investment in renovations and improvements to the property, according to a broker on the deal. Carle Place-based ERG Commercial Real Estate provided a $1.444 million acquisition loan to Kahn Capital Group for the Bethpage purchase. The buyer was self-represented, while Tom Bigansky of North Village Realty represented the seller, MMC 2 Inc., in the sales transaction.
2233 Nesconset Highway, Lake Grove
Melinda Cantor Designs Inc., a custom invitations firm, leased 1,000 square feet of office space at 2233 Nesconset Highway in Lake Grove. Michael Zere of Zere Real Estate Services represented the tenant, as well as the landlord, Nico Realty Group LLC, in the lease transaction.
41 Mercedes Way, Edgewood
Advanced Supplements, a nutraceuticals firm, leased 30,700 square feet of industrial space at 41 Mercedes Way in Edgewood. Ralph Perna of Schacker Realty represented the tenant, while the landlord Heartland Business Center was self-represented in the lease transaction.
60-70 Cleveland Ave., Bay Shore
Haloo USA LLC and Cavapod LLC, affiliates of a printing company, leased 21,696 square feet of industrial space at 60-70 Cleveland Ave. in Bay Shore. Luca Perinuzzi and Ralph Perna of Schacker Realty represented the tenant, as well as the landlord, ZNM Enterprises LLC, in the lease transaction.
94 Gazza Blvd., Farmingdale
Bethpage Warehouse LLC purchased a 6,000-square-foot industrial building on .14 acres at 94 Gazza Blvd. in Farmingdale for $1.487 million. The property was formerly occupied by Hub Truck Rental. Jordan Cardenas, Jonathan Cardenas and Christopher Cardenas of Tripoint Real Estate represented the buyer, while Stephen Preuss, Andreas Efthymiou and Jack Rovner of RIPCO Real Estate represented the seller, Hub Gazza Corp., in the sales transaction.
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David Winzelberg
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