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.
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.
- ◦Sale/Acquisition
