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Tag: nassau county real estate

  • Inked: Long Island commercial leases, sales highlight active market | Long Island Business News

    365 Oser Ave., Hauppauge

    Boduo International Trade LLC, a bubble tea ingredients supplier, leased 20,000 square feet at 365 Oser Ave. in Hauppauge. The company is relocating from its current facility in Farmingdale. Desmond Mullins of Premier Commercial Real Estate represented the tenant, as well as the landlord, Heartland Associates, in the lease transaction.

     

    500 Montauk Highway, West Islip

    Allied Physicians Group, PLLC, a pediatric practice group, leased a 2,535-square-foot medical suite at 500 Montauk Highway in West Islip. Michael Aievoli of JLL represented the tenant, while Jamie Winkler of Winkler Real Estate represented the landlord, Fairfield Realty Corp., in the lease transaction.

     

    155 Main St., Northport

    Nico Negron of Apollo Tattoo leased 1,207-square-feet of office space at 155 Main St. in Northport. Negron relocated the studio from 7 Green St. in Huntington. Jamie Winkler of Winkler Real Estate represented the tenant, while Susan Modelewski of Signature Premier Properties, represented the landlord, 155 Northport LLC, in the lease transaction.

     

    25 Ranick Road, Hauppauge

    Cavapod LLC leased 21,690 square feet of industrial space at 25 Ranick Road in Hauppauge. Ralph Perna and Luca Perinuzzi of Schacker Realty represented the tenant, as well as the landlord, B&S Management Consultant, in the lease transaction.

     

    1966 Broadhollow Road, Farmingdale

    G7 Stone LLC, a marble and stone supplier, leased 28,485 square feet of industrial space at 1966 Broadhollow Road in Farmingdale. Zou Fenger of E-Realty International represented the tenant, while Jeffrey Starr of Schacker Realty represented the landlord, KLS Holding, in the lease transaction.

     

    252 N. Main St., Freeport

    252 Main Street Realty LLC, an affiliate of an existing auto repair business, purchased a 1,204-square-foot building on .19 acres at 252 N. Main St. in Freeport for $750,000. Jesse Jimenez of Primal Property Group represented the buyer, while Carolyn Campbell-Gould of Douglas Elliman Real Estate represented the seller, Joyce Allen, in the sales transaction.


    David Winzelberg

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  • Madison Mortgage relocates with Garden City sublease | Long Island Business News

    Madison Mortgage Services, a real estate and mortgage services firm, is relocating to Garden City. 

    The mortgage firm subleased 16,414 square feet of office space at 900 Stewart Ave. from Flagstar Bank. The company will be moving from 3 Dakota Drive in Lake Success. 

    “While we truly enjoyed our many years in Lake Success, we felt that Garden City offered the best long-term fit for the future of Madison Mortgage Services,” Shah Tehrany, the company’s founder and CEO told LIBN. “Garden City is one of Long Island’s most dynamic business hubs, centrally located, vibrant, and full of energy. The community is growing, new restaurants and businesses are opening, and the environment is incredibly supportive for companies looking to scale. We’re thrilled to be in 900 Stewart Avenue, and we believe this move positions us to better serve our clients, our partners, and our team for years to come.” 

    Founded in 2019, Madison Mortgage is licensed in 44 states and Washington D.C. The firm provides a variety of mortgage services involving home purchases and refinancing and offers nearly instant rate quotes on its website at madisonmortgage.com. 

    The Long Island office market continues to gradually improve, though large amounts of sublease space remain. The overall vacancy rate in the third quarter was 13 percent, down from 13.9 percent in the previous quarter, according to a report from Cushman & Wakefield. However, there was still 870,492 square feet of sublease space available at the end of Q3, about two-thirds of which is Class A, with 494,705 square feet of the available sublease space in Nassau County. 

    Daniel Oliver and Scott Berfas of Newmark represented Madison Mortgage, while Phil D’Avanzo of Cushman & Wakefield represented main tenant Flagstar Bank in the Garden City sublease transaction. 


    David Winzelberg

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