MELVILLE, NY – November 7, 2016: Retail broker Dennis McCoy, of NAI Long Island, has completed a ground lease and sale deal for 520 W. Montauk Highway in West Babylon, NY. The 27,500 square foot building, situated on 4.2 acres, is a former Lincoln Mercury car dealership that subsequently underwent a zoning change to accommodate an assisted living facility. Dennis McCoy represented the seller, Cobra Management, in this transaction, and the property was acquired by Engal Burman Group of Garden City for $7 million +. “This was a difficult deal to get through. Everyone involved worked together to get this to the finish line,” McCoy commented.
Mr. McCoy specializes in high end properties ranging from a $1 million to $50 million valuation, and represents landlords as well as tenants in leasing and sales. He currently represents over 150,000 square feet of retail space for NAI Long Island, and has represented national tenants such as Chrysler Motor Group, Arooga’s Grill House & Sports Bar, First National Bank of Long Island, ShopRite, and Buffalo Wild Wings.
Please visit nailongisland.com/agents/dennis-mccoy to contact Mr. McCoy directly about your retail property.
About NAI Long Island
NAI Long Island is a full service commercial real estate firm serving Nassau, Suffolk, and Queens counties since 1980. Our professional staff have in-depth market knowledge, experience, and the proven ability to negotiate successful client-specific transactions. Our expertise is enhanced by state of the art systems, and a comprehensive database to provide market and property information. NAI Long Island is a member of NAI Global, the premier network of commercial real estate firms spanning the globe.
To learn more, visit nailongisland.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.
To learn more, visit naiglobal.com.