realestate

LI Real Estate Deals: Key Transactions and Trends

Recent deals and developments in Long Island's commercial property market.

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    A Brooklyn-based firm, Medccm Inc., has acquired a 5,203-square-foot retail building at 325 Sunrise Highway in Lynbrook for $1.35 million. The buyer plans to convert the vacant space into a med spa, joining two existing tenants: a liquor store and a beauty supply business. Christopher Wierzbicki of Pliskin Realty & Development represented both parties in the transaction.

    J.Crew Factory has leased 6,800 square feet at Mayfair Shopping Center on Jericho Turnpike in Commack, marking its seventh location on Long Island. The space was previously occupied by MGM Shoes. Open Realty Advisors represented J.Crew Factory, while Levin Management represented the landlord, Arlona Limited Partnership.

    Andy's Italian Ices LLC has purchased a 3,000-square-foot commercial building at 162-164 West Hills Road in Huntington Station for $925,000. The buyer plans to use the property for its business. Marc Vainrib of Foxland Realty represented the buyer, while Alberto Fiorini and Niko Khetaguri of Alliance Real Estate Corp. represented the seller.

    Yakov Khodzhayev and Artashes Baghdasaryan have acquired a 6,500-square-foot office building at 492 Jerusalem Ave. in Uniondale for $810,000. The buyers plan to renovate the property into a medical imaging center, their first Long Island location. Ron Koenigsberg and Dawn Gingold of American Investment Properties represented both parties.

    Express Kitchen Bath & Stone has purchased a 61,609-square-foot industrial building at 13 Edison St. in Amityville for $10.688 million. The company will use most of the property as an additional storage and distribution facility, with plans to lease about 25,000 square feet. Alberto Fiorini of Alliance Real Estate Corp. represented the buyer.

    Seaford Estate Properties LLC has acquired a two-story building at 3591 and 3595 Merrick Road in Seaford for $980,000. The buyer plans to use the property for its beverage distributor business. Maurice Thomas of Jacob Wolf Realty represented the buyer, while Jon Winzelberg, Juliana Chiarelli, and Jason Sobel of RIPCO Real Estate represented the seller.

Real estate transactions and trends in Long Island, New York market analysis.