New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

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

Newmark Tapped to Market Three LI School Buildings for Redevelopment

Newmark has been retained by the Northport-East Northport Union Free School District to market for sale and lease three underutilized assets in Long Island’s Suffolk County. The properties include 253 Bellerose Ave. and 120 Dickinson Ave. in East Northport and 158 Laurel Ave. in Northport. Senior managing directors Scott Berfas and Daniel Oliver and director Jordan Oliver exclusively represent the District on the sale of the properties. 

“We are looking to create the highest and best use of these properties to benefit the district and the surrounding communities,” said Berfas. “We expect robust interest from developers for these sites, and we will work with community input to ensure that a wide variety of uses are considered.” 

These assets encompass 233,380 square feet of existing educational buildings, totaling 42.6 acres. The offerings present a redevelopment opportunity for various sectors, including senior housing, assisted living, single-family homes and mixed-use assets. 

Connect

Inside The Story

Newmark's Berfas

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).

  • ◦Sale/Acquisition