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Tag: mixed-use properties

  • Inked: Long Island commercial real estate deals and leases roundup | Long Island Business News

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    65 Davids Drive,

    Evolving Motorsports Inc., which does business as Engineered Motorsports, leased a 16,836-square-foot industrial building on 1 acre at 65 Davids Drive in Hauppauge. Luke Anderson of Industry One Realty represented the tenant, while Luca Perinuzzi and Ralph Perna of Schacker Realty represented the landlord, A.B.J.L. Realty LLC, in the lease transaction.

     

    2300 Grand Ave.,

    The JAG Law Group, a personal injury law firm, purchased the two-story, 9,564-square-foot building on 1.1 acres in front of the Baldwin Square Shopping Center at 2300 Grand Ave. for $2.48 million. The building, currently about 80 percent vacant, was formerly occupied by Bank of America. The buyer plans extensive renovations to the building, where it will occupy the first floor. The available space on the second floor will be leased to other tenants, according to a broker on the deal. JAG Law Group, headed by Jason Greenberg, will be relocating to the Baldwin building from its current location on South Ocean Avenue in Freeport. The law firm handles all types of injury cases, litigating against the insurance industry throughout Long Island and the New York metropolitan area. Tom Bigansky of North Village Realty represented the buyer, while the seller, Nationwide Protection LTD, was self-represented in the Baldwin sales transaction.

     

    238-240 Deer Park Ave., Babylon

    Darius Mroczkowski, a local commercial real estate investor, purchased a three-story, 13,500-square-foot mixed-use building on .16 acres at 238-240 Deer Park Ave. and 8-14 Railroad Ave. in for $4.625 million. The fully occupied property, located across from the Babylon Long Island Rail Road station, has eight apartments, four two-bedroom units and four one-bedroom units, above ground floor commercial space. Current tenants include La Bottega Italian Gourmet, Salon Hue, Lucky Barbershop, Momentum School of Music, OG Ramen and ATL Wings. The sale price equates to $342 per square foot and a cap rate of nearly 7 percent. Stacy McFadden of Signature Premier Properties procured the buyer and represented the seller, 240 Deer Park Ave. LLC, an affiliate of Paulicelli Brothers Properties, in the sales transaction.

     

    3335 Hempstead Turnpike,

    Tony’s Tacos leased a 4,000-square-foot restaurant space in a newly built pad-site building in the Levittown Mews shopping center at 3335 Hempstead Turnpike. The Levittown restaurant is expected to open in the fourth quarter of this year. Tony’s Tacos has four existing locations, including Franklin Square, Huntington, Garden City and Floral Park, already open. Last November, the chain also leased a 4,400-square-foot pad site in the redeveloped Shops at SunVet shopping center in Holbrook. Tony’s Tacos is an Italian-inspired taqueria with a menu of more than 40 tacos, as well as bowls, salads, quesadillas, sides and frozen margaritas. The restaurant’s unique taco options include Short Rib Peter Luger, Chicken Parm, Smoked Salmon, Mushroom Risotto and a Surf & Turf taco. Anthony Russo of the Breslin Organization represented Tony’s Tacos, as he is the exclusive broker for the restaurant chain. The landlord, Breslin Organization, was self-represented in the Levittown lease transaction.

     

    670 Pine Aire Drive,

    Dorf Associates purchased a 3,700-square-foot industrial building on .28 acres at 670 Pine Air Drive in Bay Shore for $950,000. Robert Desmond of Industry One Realty represented the buyer, as well as the seller, N. Bay Shore Realty Co. LTD, in the sales transaction.

     

    Manor Yaphank Road,

    3B Surf LLC purchased .73 acres of land on Manor Yaphank Road in Manorville for $535,000. Robert Desmond of Industry One Realty represented the buyer, as well as the seller, IJRH North Road, LLC, in the sales transaction.


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    David Winzelberg

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  • Inked: Long Island commercial real estate leases & sales roundup | Long Island Business News

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    96 Commercial St.,

    Ambulnz NY, a division of DocGo and provider of mobile medical services and medical transportation, leased a 10,200-square-foot industrial building on .42 acres at 96 Commercial St. in Freeport. Avi Garma of MAG Realty Associates represented the tenant, while Mario Asaro and Dillan Morris-Timoney of Industry One Realty represented the landlord, Ferrucci Real Estate LLC, in the lease transaction.

     

    150 Main St.,

    Ruggerio Properties purchased the two-story, 10,734-square-foot mixed-use building on .36 acres at 150 Main St. in Huntington for $1.5 million. The building has five apartments over the ground-floor office space. The buyer plans to renovate the property. The property occupies the site of Huntington’s first church built in 1665.  After a new church was built further east on Main Street in 1715, the first church building was sold in 1717 for 5.1 pounds or a little less than $7 U.S., according to the Marker Database. Frank Mannino of Berkshire Hathaway Commercial Services represented the buyer, while his Berkshire Hathaway Commercial Services colleague Steven Bootz represented the sellers, Dr. Harold German and June German, in the sales transaction.

     

    999 South Oyster Bay Road,

    Yorkshire Food Sales Corp., a distributor of snack products, leased 33,325 square feet of industrial space at 999 South Oyster Bay Road in Bethpage. The New Hyde Park-based company, which dates back to the 1940s, distributes snack products of several major manufacturers, including Wise, Archway, Deep River, Trophy Nut and many others. Jason Miller and Jeffrey Schwartzberg of Premier Commercial Real Estate represented the tenant, as well as the landlord, Nassau Steel LLC, in the lease transaction.

     

    81 Modular Drive,

    Gemini Pharmaceuticals Inc. leased a 30,444-square-foot industrial building on 1.64 acres at 81 Modular Drive in Commack. Gemini, which is expanding its operations, has its corporate headquarters next door at 87 Modular Drive. The company also has locations at 65 Mall Drive in Commack and at 55 Adams Ave. in Hauppauge. Gemini, a 43-year-old family-owned manufacturer of over-the-counter pharmaceutical, nutraceutical and animal products, recently received economic incentives from the Industrial Development Agency for $13.9 million in infrastructure improvements and upgrades to expand its operations. Richard Cohen of Ashlind Properties represented Gemini, while Jason Miller and Jeffrey Schwartzberg of Premier Commercial Real Estate represented the landlord, BP81 Enterprises LLC, in the lease transaction.

     

    901 S. Second St.,

    Spanos Painting Corp., a commercial painting company, leased 4,000 square feet of industrial space at 901 S. Second St. in Ronkonkoma. The company is relocating from Holbrook. Michael Zere of Zere Real Estate Services represented the tenant, as well as the landlord, 901 LLC, in the lease transaction.


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    David Winzelberg

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  • Garden City mixed-use property fetches $3.225M | Long Island Business News

    Garden City mixed-use property fetches $3.225M | Long Island Business News

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    The 6,600-square-foot building has two retail tenants on the ground floor and office space above.

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    David Winzelberg

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  • Baldwin mixed-use property trades for $1.2M | Long Island Business News

    Baldwin mixed-use property trades for $1.2M | Long Island Business News

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    The 5,206-square-foot building is fully occupied.

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    David Winzelberg

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