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New York & Tri-State  + Long Island  + Industrial  | 

Metropolitan Realty Deploys New Fund Aimed at Long Island Industrial

Metropolitan Realty Associates LLC (MRA) has raised $50 million of equity for a strategic investment fund focused on Long Island industrial assets. In its first acquisition, the fund  acquired 5 Inez Dr., a single-story industrial asset located in the Suffolk County community of Bayshore, NY.  

The 5 Inez acquisition was made with MRA’s longtime equity partner, Angelo, Gordon & Co. A 94,000-square-foot warehouse, the property is currently occupied by tenant Ruby Has, a national logistics and fulfilment company, through April 2025 at a significantly below-market rent. 

“The dynamic growth of last-mile delivery and e-commerce is expanding exponentially across Long Island,” said MRA CEO Joseph Farkas. “Contributing to this trend is a population density that skews towards higher income demographics and greater purchasing power by customers requiring abundant and efficient delivery services. As a result, quality warehouse buildings in convenient locations are in high tenant demand to meet their customers’ needs.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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