Jericho office complex sells for $15.7M

TRD 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
State Sens. Brian Kavanagh and Kevin Thomas (NY Gov; Getty; iStock)

“What would we discipline them for?”: Brokers deny discrimination at heated hearing

“What would we discipline them for?”: Brokers deny discrimination at heated hearing
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe
Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Compass sets sights on Long Island’s North Shore
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

Cuomo announces new state rules following Newsday’s discrimination exposé
How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets
arrow_forward_ios

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

Loading...