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Recent Commercial Real Estate Transactions in Long Island

Best CPA Inc. recently leased an 11,500-square-foot retail/industrial building in West Babylon with the intention of converting it into a specialty market focused on Asian and Indian food. The tenant was represented by Luciano Oliverio and Gary Chimeri of Paramount Properties Group, who acted on behalf of both the tenant and the landlord, Route 109 Realty LLC.

Another recent transaction in Kings Park involved PDC General LLC purchasing a 4,700-square-foot office building. This purchase was facilitated by Ron Koenigsberg of American Investment Properties, who represented both the buyer and the seller, 121 Pulaski Associates LLC.

Shiny Properties, a commercial real estate investment firm from Queens, made a significant purchase in Lynbrook, acquiring a 9,925-square-foot retail/office building. The property is predominantly occupied, with only a portion of office space available. The buyer, Shiny Properties, was represented by Patrick Hommes of Walsh & Young Commercial Real Estate, while the seller, Jonihylin Realty Management Corp., was represented by Ron Koenigsberg and Dawn Gingold of American Investment Properties.

UG Properties completed a purchase of a 10,400-square-foot retail strip center in Farmingville. The center houses popular tenants such as Carvel and Subway. The buyer was represented by Sam Judd and Nicolas Anzalone of Silber Investment Properties, with the seller, Petrakis Properties, being represented by Adam Silber, a principal at the same firm.

Maverick Center LLC, an operator of a lacrosse camp, purchased a 4,000-square-foot industrial building in West Babylon. The buyer was represented by James Parnes, Anthony Filipelli, and Michael Parnes of Schacker Realty, while the seller, 520 Sunrise LLC, was also represented by the same team.

10 Niagara Avenue LLC, an affiliate of a Great Neck-based commercial real estate investor, completed the purchase of a 14,345-square-foot industrial building in Freeport. This transaction involved a sale/leaseback with Forsythe Cosmetic Group, who will continue to occupy the property. The buyer was represented by Peter Stuart of Coldwell Banker American Homes, and the seller, Forsythe Realty Enterprises LLC, was represented by Michael Gronenthal of Douglas Elliman Commercial.

Lastly, NYU Grossman, representing its Grossman School of Medicine, leased 7,500 square feet of retail space in the Strathmore Commons shopping center in Middle Island. Avison Young represented the tenant in this transaction, while Island Associates represented the landlord, 1245 Middle Country Road LLC.

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