55 2nd Ave., Brentwood
Queens-based TempWork Staffing Solutions Inc. purchased the 15,000-square-foot office building on 1.9 acres at 55 2nd Ave. in Brentwood for $5.3 million. The building is about 65 percent occupied, and TempWork plans to occupy about 5,000 square feet of the available space. The company, which also has offices in Elmhurst, Queens, is relocating its Suffolk County office from 2000 Brentwood Road. The sale price equates to a 5.5 percent cap rate. Founded in 2011, TempWork Staffing Solutions offers a variety of services, including seasonal staffing, contingent staffing, payroll services and more. Giuseppe Gregorio, Luca DiCiero and Nick Evangelista of NY Space Finders represented the buyer, while Mario Vigliotta of NAI Long Island represented the seller, 157 Cliff Road Partners LLC, in the Brentwood sales transaction.
47 and 57 Hillside Ave., 28 Locust St., Manhasset
A three-building office portfolio in Manhasset has sold for $3.9 million.
Mark Udell, the owner of London Jewelers, purchased a three-building office portfolio that totals 11,900 square feet, as well as a 5,000-square-foot parking lot. The properties in the portfolio include a two-story, 7,000-square-foot office building at 47 Hillside Ave.; a 4,000-square-foot office building at 57 Hillside Ave.; and a 900-square-foot office building at 28 Locust St. The building at 57 Hillside Ave. is fully occupied by three tenants and 28 Locust St. is occupied by a single tenant. The second floor of the building at 47 Hillside Ave. is occupied, and the currently vacant first floor will be used by London Jewelers for its jewelry repair operations, according to a broker on the deal. Kyle Crennan, Joe Lopresti and Brian Weigold of JLL represented the buyer, as well as the sellers, MAG Hillside LLC, RJG Hillside LLC, JVG Hillside LLC and DAG Hillside LLC, in the sales transaction.
116-118 Broadway, Lynbrook
118 Broadway LLC, an affiliate of a Long Island commercial real estate investor, purchased a 5,220-square-foot commercial building on .22 acres at 116-118 Broadway in Lynbrook for $1.75 million. The building, which has office space above three retail stores, is currently occupied by one tenant, Philly Pretzel Factory. Ron Koenigsberg and Dawn Gingold of American Investment Properties represented the buyer, as well as the seller, Phil Civello, in the sales transaction.
3944-3954 Merrick Road, Seaford
Local commercial real estate investor John DeCrescenzo purchased a 6,576-square-foot retail building on .32 acres at 3944-3954 Merrick Road in Seaford for $1.53 million. The building has two stores that are occupied by a hair salon and a chiropractic office. Ron Koenigsberg and Dawn Gingold of American Investment Properties represented the buyer, as well as the seller, Ryan Crest Corp., in the sales transaction.
David Winzelberg
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