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22 Industrial Blvd., Medford
Facema New York Inc. leased 3,000 square feet of industrial space at 22 Industrial Blvd. in Medford. Michael Zere of Zere Real Estate Services represented the tenant, as well as the landlord, TDS Realty Inc., in the lease transaction.
1087-1099 Smithtown Ave., Bohemia
Seaford-based Petrakis Properties purchased the 6,160-square-foot building on .73 acres at 1087-1099 Smithtown Ave. in Bohemia for $1.82 million. The seven-store property is fully occupied by a variety of neighborhood retail tenants. The sale price equates to a 7.3 percent cap rate. Adam Silber, principal of Silber Investment Properties, represented the buyer, while his Silber Investment Properties colleague Abraham Adjmi represented the seller, Bohemia Shopping Center LLC, an affiliate of Robert Ferrara, in the sales transaction.
1707 Middle Country Road, Centereach
ARF Group leased a 2,500-square-foot retail space in the New Village Plaza shopping center at 1707 Middle Country Road in Centereach. Expected to open this spring, the Centereach store will join the ARF Group’s Pizza Hut locations in Patchogue, Shirley, Middle Island and Huntington Station. All of the franchisee’s Pizza Hut restaurants on Long Island are the chain’s new model called DELCO, which stands for delivery + carryout, as the company pivots from the traditional red-roofed, standalone dine-in restaurants. Rachel Butiu of Mason Asset Management represented ARF Group, while Peter Dilis of Olympic Property Management represented the landlord, MVC Properties, in the Centereach lease transaction.
707 Walt Whitman Road, Melville
Meinergy LLC, an affiliate of a Long Island-based commercial real estate investor, purchased the two-story, 4,100-square-foot mixed-use building on .09 acres at 707 Walt Whitman Road in Melville for $1.125 million. The 2,060-square-foot retail space on the building’s ground floor is occupied by Signature Carpet & Flooring, while the second-floor office space is currently vacant. The buyer plans to lease the available office space and possibly occupy a portion, according to a broker on the deal. Viola Deng of Go Go International Realty represented the buyer, while Marissa Cosentino and Juliana Chiarelli of Scout Realty Group represented the seller, BJAMD LLC, in the sales transaction.
611 Sunrise Highway, Patchogue
611 Sunrise Highway LLC, an affiliate of Steven Gomes, owner of Long Island automobile dealerships, purchased a 10,000-square-foot building on .87 acres at 611 Sunrise Highway in Patchogue for $2.85 million. The sale price equates to $285 per square foot. The property, once home to a Harrow’s store, was last occupied by an irrigation supply firm. The buyer plans on using the building as an auto parts warehouse. Jason Merrell of Island Associates Real Estate represented the buyer, as well as the seller, GEJAC Properties LLC, in the sales transaction.
675 Hempstead Turnpike, Franklin Square
Hermes Management LLC, whose principal resides in Muttontown, purchased a 2,456-square-foot building on .28 acres at 675 Hempstead Turnpike in Franklin Square for $3.75 million. The property is leased to Citizens Bank. The sale price equates to a 5.28 percent cap rate. Hermes Management also acquired a 2,500-square-foot building on .80 acres at 820 Bloomfield Ave. in West Caldwell, N.J. for $3.5 million. That property is also leased to Citizens Bank and the sale price equates to a 5 percent cap rate. Anne Chang of JadeStone Real Estate Consulting represented the buyer, while Dylan Silber of Silber Investment Properties represented the seller, Manzo-Doren Organization LLC, in the Franklin Square and West Caldwell sales transactions.
50 Montauk Highway, East Islip
50 E. Main LLC, an affiliate of Bellmore-based restaurateur Dimitrios Sourgoutsis, purchased the 3,000-square-foot building on .80 acres at 50 Montauk Highway in East Islip for $1.8 million. The property is triple net leased to Friendly’s through May 31, 2037, with four additional five-year options to renew. The sale price equates to a 5.87 percent cap rate. The Friendly’s in East Islip is one of nine of the chain’s Long Island locations, including East Meadow, Massapequa Park, Commack, Sayville, Stony Brook, Medford, Coram and Shirley. Dylan Silber of Silber Investment Properties represented the buyer, as well as the Dix Hills-based seller, 50 Montauk Highway LLC, in the East Islip sales transaction.
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David Winzelberg
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