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
(Getty)
Summer camps can reopen, but much remains unknown
Summer camps can reopen, but much remains unknown
Chris Whittle and his East Hampton estate (Photos via Trulia and Meridian)
Education entrepreneur relists East Hampton estate for $95M
Education entrepreneur relists East Hampton estate for $95M
This three bedroom house is the first ever home built with 3D printing technology. (Realtor)
“3D-printed” home in Calverton listed at $300K
“3D-printed” home in Calverton listed at $300K
Sen. Anna Kaplan (Photos via Wikipedia Commons; iStock)
NY Senate to pass housing discrimination bills
NY Senate to pass housing discrimination bills
The lack of inventory has caused prices to skyrocket.  (Getty)
Suburban home inventory is depleted, but demand rages
Suburban home inventory is depleted, but demand rages
Long Island homes are flying off the market. (Getty)
Long Island home sales spike in Q4
Long Island home sales spike in Q4
New York Senators James Skoufis, Kevin Thomas, and Brian Kavanagh. (Facebook via Skoufis, Thomas, and Kavanagh respectfully)
Lawmakers call for stiff penalties, reform after housing discrimination probe
Lawmakers call for stiff penalties, reform after housing discrimination probe
Long Island Association CEO Kevin Law and a rendering of the Ronkonkoma Hub (Getty; Ronkonkoma Project)
Yes to conversions, no to rent regulation: LI biz group unveils real estate agenda
Yes to conversions, no to rent regulation: LI biz group unveils real estate agenda
arrow_forward_ios

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

Loading...