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749 Route 109, West Babylon
Best CPA Inc. leased an 11,500-square-foot retail/industrial building on .40 acres at 749 Route 109 in West Babylon. The tenant is planning to convert the property into a specialty market geared towards Asian and Indian food. Luciano Oliverio and Gary Chimeri of Paramount Properties Group represented the tenant, as well as the landlord, Route 109 Realty LLC, in the lease transaction.
121 Pulaski Road, Kings Park
PDC General LLC purchased a 4,700-square-foot office building on .31 acres at 121 Pulaski Road in Kings Park for $690,000. Ron Koenigsberg of American Investment Properties repre-sented the buyer, as well as the seller, 121 Pulaski Associates LLC, in the sales transaction.
393 Sunrise Highway, Lynbrook
Shiny Properties, a Queens-based commercial real estate investment firm, purchased a 9,925-square-foot retail/office building on .11 acres at 393 Sunrise Highway in Lynbrook for $2.3 million. The property is 78 percent occupied, with about 2,200 square feet of office space currently available. The sales price equates to a 5.44 percent cap rate. Patrick Hommes of Walsh & Young Commercial Real Estate represented the buyer, while Ron Koenigsberg and Dawn Gingold of American Investment Properties represented the seller, Jonihylin Realty Management Corp., in the sales transaction.
400 Horseblock Road, Farmingville
UG Properties purchased a 10,400-square-foot retail strip center on 1.31 acres at 400 Horseblock Road in Farmingville for $2.65 million. Tenants at the property include Carvel and Subway. The sale price equates to a 6.16 percent cap rate. Sam Judd and Nicolas Anzalone of Silber Investment Properties represented the buyer, while Silber Investment Properties principal Adam Silber represented the seller, Petrakis Properties, in the sales transaction.
520 Sunrise Highway, West Babylon
Maverick Center LLC, an operator of a lacrosse camp, purchased a 4,000-square-foot industrial building on .34 acres at 520 Sunrise Highway in West Babylon for $1.26 million. James Parnes, Anthony Filipelli and Michael Parnes of Schacker Realty represented the buyer, as well as the seller, 520 Sunrise LLC, in the sales transaction.
10 Niagara Ave., Freeport
10 Niagara Avenue LLC, an affiliate of a Great Neck-based commercial real estate investor, purchased a 14,345-square-foot industrial building on .41 acres at 10 Niagara Ave. in Freeport for $2.5 mil-lion. The deal was a sale/leaseback with Forsythe Cosmetic Group, which will continue to occupy the property. Peter Stuart of Coldwell Banker American Homes represented the buyer, while Michael Gronenthal of Douglas Elliman Commercial represented the seller, Forsythe Realty Enterprises LLC, in the sales transaction.
1299 Middle Country Road, Middle Island
NYU Grossman, New York University on behalf of its Grossman School of Medicine, leased 7,500 square feet of retail space in the Strathmore Commons shopping center at 1299 Middle Country Road in Middle Island. The tenant is constructing new medical offices in the end-cap space at the center. Ted Stratigos of Avison Young represented the tenant, while Roger Delisle and Bob Raffa of Island Asso-ciates represented the landlord, 1245 Middle Country Road LLC, in the lease transaction.
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