Skip to content
Inked: Latest LI actual property offers

132-136 W. Dawn Freeway, Freeport

132-136 W. Dawn Hwy LLC, an entity of a Queens-based actual property investor, bought the two,808-square-foot retail constructing on .07 acres at 132-136 West Dawn Freeway in Freeport for $1.08 million. The property is absolutely occupied by three tenants and the sale worth equates to a 6.5 % cap charge. Nelya Mushiyeva of Keller Williams Realty represented the customer, whereas Ron Koenigsberg of American Funding Properties represented the vendor, Jali Realty Corp., within the gross sales transaction.

101 Herricks Highway, Backyard Metropolis Park

Tang Rou Lin Administration, a Lengthy Island restaurant group, bought the 8,757-square-foot constructing on .39 acres at 101 Herricks Highway in Backyard Metropolis Park for $2.1 million. In-built 1980, the Skiadas household owned and operated the Sparta Household Diner on the property for almost three many years earlier than it was leased to new operators in 2008 and renamed the Park Metropolis Diner, which closed in 2020.
The customer, which owns the Orient Odyssey restaurant in Jericho, plans to rework the previous Backyard Metropolis Park diner right into a restaurant that includes Asian delicacies to be known as Orient Backyard. Christopher Bacchus, who manages the Douglas Elliman Actual Property workplace in New Hyde Park, represented the customer, in addition to the vendor, 101 Herricks Highway Realty LLC, within the gross sales transaction.

321 Orinoco Drive, Bay Shore

Jeff Cichon, of J&J Auto & Truck Restore, bought two industrial buildings totaling 5,600 sq. toes on .60 acres at 321 Orinoco Drive in Bay Shore for $1.9 million. The property was bought with full approvals for an auto restore enterprise, which is what the customer might be utilizing it for. Victor Little and Dan Abbondandolo of Cushman & Wakefield represented the customer, whereas Sean Williamson of Fortunate to Reside Right here Realty represented the vendor, SJN Holding Corp., within the gross sales transaction.

31 Baker St., Patchogue

Sunny Riverside Properties LLC, an entity of Lengthy Island restaurateur Lenny Oliva, bought the 3-acre property at 31 Baker St. in Patchogue for $3.4 million. The property, which was the long-time residence of the Off Key Tikki restaurant and marina, has a complete of about 10,000 sq. toes in 4 buildings, and consists of indoor and out of doors bars, out of doors eating patio, catering space, a seashore and 37 boat slips on the Patchogue River. Oliva plans on intensive renovations and expects to open a brand new enterprise known as Baja Boathouse Marina Kitchen & Cantina on the property this summer season. Michael Murphy of Douglas Elliman Industrial represented the customer, in addition to the vendor, Mike Bruemmer, within the gross sales transaction. Sean McPartland of Lengthy Island Low cost Realty referred the vendor to Murphy.

1 Primary St., East Hampton

LVMH, the Paris-based luxury-brand conglomerate, bought the two-story, 5,000-square-foot constructing on .06 acres at 1 Primary St. in East Hampton for $22 million. The property is presently leased to Cartier. LVMH is the publicly traded father or mother firm of many luxurious manufacturers, together with Louis Vuitton, Tiffany & Co., Fendi, Christian Dior, Bulgari and plenty of extra. Andrew Goldberg of CBRE represented the customer, whereas Jordan Sutton, Robert Shapiro, Dan Abbondandolo and Victor Little of Cushman & Wakefield represented the sellers, Elie and Jeremey Tahari, within the gross sales transaction.

410 Jericho Turnpike, Mineola

Advance Auto Components leased the 9,136-square-foot retail constructing on .52 acres at 410 Jericho Turnpike in Mineola. The property was previously leased to CVS, which operates one other Mineola location close by at 17 E. Jericho Turnpike. The brand new Advance Auto Components retailer is predicted to open by early summer season. Marvin Hartman of Pliskin Realty & Improvement represented the tenant, whereas Melissa Naeder of Cushman & Wakefield represented the owner, Hercules Realty, within the lease transaction.



Leave a Reply

Your email address will not be published. Required fields are marked *