Inked: Recent LI real estate deals

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By Dan Sears

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188 Long Island Ave., Wyandanch

Arzu & Mert Realty, an affiliate of Bestway Auto Collision of Deer Park, purchased an 8,442-square-foot industrial building on .74 acres at 188 Long Island Ave. in Wyandanch for $1.7 million. Seckin Yildiz of Voro represented the buyer, while Jeffrey Horn of Schacker Realty represented the seller, D.B.H. Real Estate Inc., in the sales transaction.

 

150 Eileen Way, Syosset

Gold Realty NYC, a commercial real estate investment firm, purchased a 29,165-square-foot flex building on 1.31 acres at 150 Eileen Way in Syosset for $6.5 million. The building is fully occupied by a mix of industrial and office tenants. The sale price equates to a 7 percent cap rate. Jeffrey Schwartzberg and Jason Miller of Premier Commercial Real Estate represented the buyer, as well as the seller, Syosset Industrial Plaza LLC, in the sales transaction.

 

2020-2050 Lakeville Road,
New Hyde Park

2020-2050 Plaza Realty LLC, an affiliate of a Great Neck-based commercial real estate investor, purchased a 25,583-square-foot retail center on 1.65 acres at 2020-2050 Lakeville Road in New Hyde Park for $7.5 million. The buyer also owns and operates the ShopFresh food market at the property. The shopping strip is fully occupied by a mix of 11 neighborhood retail tenants. The price equates to a 6.5 percent cap rate. Marvin Hartman of Pliskin Realty & Development represented the buyer, as well as the seller, Home Base Realty Corp., in the sales transaction.

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710 Koehler Ave., Ronkonkoma

Sea Haven Industries Inc., an industrial maintenance company, leased 5,000 square feet of industrial space at 710 Koehler Ave. in Ronkonkoma. Michael Zere of Zere Real Estate Services represented the tenant, while the landlord, 750 Koehler LLC was self-represented in the lease transaction.

 

28 N. Country Road, Mt. Sinai

28 North Country Road LLC, an affiliate of a Long Island-based commercial real estate investor, purchased the 15,000-square-foot office building on .95 acres at 28 North Country Road in Mt. Sinai for $2.4 million. Known as the Portview Building, the property is fully occupied by a mix of office tenants. The sale price equates to a 7.5 percent cap rate. Lisa Kagan of Douglas Elliman Real Estate represented the buyer, while Marian Campi-Conde and Michael Corsello of NAI Long Island represented the seller, Oakwood Family Partners LLC, in the sales transaction.

 

1550 Sunrise Highway, Copiague

Lake Success-based SNL Storage purchased a 32,400-square-foot industrial building on 1.9 acres at 1550 Sunrise Highway for $5.2 million. The property was formerly occupied by Pets Warehouse. SNL Copiague LLC, an affiliate of SNL Storage, is planning to demolish part of the existing structure and construct a three-story, 38,890-square-foot self-storage facility on the site, according to its application with the Town of Babylon. The company, which primarily develops self-storage facilities throughout the New York metropolitan area, has built two previous self-storage projects on Long Island in the last couple of years. Chris Lynch of FMC Realty Associates represented the buyer, while Marvin Hartman of Pliskin Realty & Development represented the seller, Samson Realty LLC, in the Copiague sales transaction.

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