MELVILLE, NY – January 3, 2017: Gary Pezza of NAI Long Island represented the purchaser and the seller for 55 West Hills Road in Huntington Station, NY. The property is a 6,000 square foot, mixed-use building which consists of a combination of legal income-producing apartments, finished office space and large storage area, which will be occupied by the purchaser, Electric Essentials Corporation. Mr. Pezza commented, “Mixed-use properties that generate an income producing cash flow can be a wise investment especially for an owner and/or user, as in this transaction.” The Huntington Station submarket is unique in that it is comprised of commercial businesses, construction companies, residential homes and apartments all within the same area.
In addition, Mr. Pezza represented the landlord and tenant regarding 890 Conklin Street in Farmingdale, NY. This property was a vacant gas station that will be transformed into a used car lot, operated by Autorama Sales Inc. of Wantagh, the tenant in this transaction. Along with office and prep space, this location will have the capacity to hold inventory of approximately 50 vehicles, and because the property is located on a major roadway, the inventory will have great visibility. “Sometimes owners of large establishments do not realize the value in vacant structures or land that they may have sitting dormant which can generate substantial unfound revenue,” Mr. Pezza remarked. The Farmingdale submarket in this area is composed of mostly commercial and industrial buildings with some residential homes.
Please visit nailongisland.com/agents/gary-pezza to contact Mr. Pezza directly about your mixed-use, office, or industrial 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 www.naiglobal.com.