Commercial Real Estate Consulting and Brokerage

Case StudiesAdapting, Improving, and wiping off the light switch 470 Sunrise Highway, West Babylon NY The AssignmentSelling a mixed-use property for Super USA The Strategy 470 Sunrise Hwy was a straightforward “meat & potatoes” mixed-use property; and being valued at just under $1 million, I knew that it would have broad market appeal.  There were only two small problems which needed to be overcome:  a) 40% of the building was vacant, and b) The Covid 19 lockdown began within a few months of listing the property. Solving the Covid problem was slightly above my paygrade, but I adapted as necessary to the “Covid Protocols” imposed by regulators and common sense to keep business moving.  Solving the valuation issue regarding the vacant commercial space was...

Case StudiesLost & Found in Translation Ostrowiec Świętokrzyski, Poland The AssignmentAcquire a property at public auction to develop into a regional shopping center in Ostrowiec Świętokrzyski (pronounced “Ah-Stro-Vee-Etz Shvee-Int –Oh – Krisky” The StrategyAs Executive Vice president and partner of Polimeni International, I was tasked with securing properties and planning the shopping centers we were developing in Poland. Our team identified a great site some 90 miles south of Warsaw: Some of the issues were a creek that ran through the property, a raised canal in the back, a new municipal road was needed on one side of the site to connect two main streets, and on the other side a public pool wanted part of the property for parking. The city just...

Case StudiesWipe the Windows, Check the Oil, (1.5 million) Dollar Gas  23 Heitz Place, Hicksville NY The AssignmentMirabella & Castaldo LLC, purchased 23 Heitz Place in 2003 to run their new spring & brake business. Twenty years later, having sold the business, they no longer needing their 7,225 square foot repair shop, and retained Ron Epstein of RC Commercial Partners to market & sell the property. The StrategyWith myriad challenging property characteristics, regarding parking, access, visibility and building condition, Ron recognized that the property would be more attractive to end-users than investors. Located on the edge of the Hicksville Downtown Revitalization District, outward appearances seemed to suggest that the surrounding property...

Case StudiesTuning into the Right Deal Channel 5018 Express Drive South, Ronkonkoma, NY The Assignment Divesting Ronkonkoma Partners, LLC of their 13,000 square foot office building, the Ronkonkoma Business Center The Strategy I needed to develop a strategy for showcasing a fully stabilized office property with little apparent upside. Although fully leased and built to capacity on the 1-acre site, I was able to draw upon my development & planning experience to identify a means of increasing the GLA within the existing building footprint, offering a prospective buyer with an opportunity to add value with minimal capital outlay. Having tested the market to determine the appetite for B Class office property in a post-Covid office market, the ownership and I...