Jericho office complex sells for $15.7M

New York /
Jun.June 11, 2018 02:46 PM

Roslyn-based Rallye Auto Group is slated to buy a two-building office complex in Jericho for nearly $16 million. The five-story buildings have 103,580 square feet sitting on four acres and are about 75 percent occupied, Long Island Business News reported. Rallye already owns a BMW dealership across the street from the property the prior owners, DEA Jericho LLC, defaulted on its $15.6 million commercial mortgage-backed securities loan in 2017. [LIBN]


Related Articles

arrow_forward_ios
The Kalikow Group President & CEO Edward Kalikow with the complex (Kalikow, Kaled)
In hot rental market, LI developer sells another South Carolina complex
In hot rental market, LI developer sells another South Carolina complex
124 South Middle Neck Road in Great Neck, Long Island and Hornig Capital Partners Managing Partner Daren Hornig (Google Maps, Hornig Capital)
Size, security, transparency: Great Neck apartment project delayed following local pushback
Size, security, transparency: Great Neck apartment project delayed following local pushback
(Getty)
Homeowners declare final victory in fight over Amagansett “Truck Beach”
Homeowners declare final victory in fight over Amagansett “Truck Beach”
Tritec Principal Robert Coughlan with the project (Tritec)
Tritec lands $173M for Bay Shore Residences
Tritec lands $173M for Bay Shore Residences
The office space (JLL)
Amazon plans last-mile distribution center in Hauppauge
Amazon plans last-mile distribution center in Hauppauge
The New Hyde Park Target is going to be adding a level (Google Maps)
Target grows footprint in shell of former Sears
Target grows footprint in shell of former Sears
Ronald Goerler Sr. and Jamesport Vineyards at 1216 Main Road in Jamesport Long Island (Jamesport Wines)
Jamesport Vineyards founder Ronald Goerler Sr. dies
Jamesport Vineyards founder Ronald Goerler Sr. dies
303 Main Street (Hempstead), 130 Hempstead Avenue (West Hempstead),and  Castle Lanterra CEO Elie Rieder (Google Maps, Castle Lanterra)
Castle Lanterra buys Long Island apartment complexes for $138M
Castle Lanterra buys Long Island apartment complexes for $138M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...