Category Archives: News

Pliskin Makes Deal with Orangetheory Fitness

Orangetheory Fitness coming to Long Island shopping centers | Chain Store Age

Jericho, N.Y. – Orangetheory Fitness, a fitness studio that uses heart-rate monitoring technology and interval training to improve and increase the workout experience, is expanding in Long Island. The fitness studio’s upcoming New York expansion includes Syosset at the Syosset Corners Shopping Center and in Melville in Melville.

Both locations scheduled to open in 2015. The landlord for the Syosset location is Kabro of Syosset, LLC. and the property is managed by Kabro Associates. The landlord for the Melville location is Melville 500 Associates, LLC. and managed by Pliskin Realty & Development. Daniel Glazer from Ripco Real Estate represented Orangetheory in both transactions and in Melville, Pliskin Realty and Development was represented by Chris Wierzbicki.

Orangetheory Fitness targets spaces approximately 2,700 sq. ft. to 3,200 sq. ft. The company currently has 200 open locations and 400 more in development nationwide, 70 of which are currently under construction. Orangetheory Fitness is represented by Daniel Glazer of Ripco Real Estate. On Long Island there are plans for future locations and sites can be sent to him.

New Property Management Deal for Pliskin Realty

NYREJ – Pliskin Realty awarded retail property management contract for 1200 East Jericho Turnpike, Huntington

Pliskin Realty awarded retail property management contract for 1200 East Jericho Turnpike, Huntington

1200 East Jericho Turnpike - Huntington, NY
1200 East Jericho Turnpike – Huntington, NY

Huntington, NY Pliskin Realty & Development has been awarded a new property management assignment. Pliskin will be providing its comprehensive property management services on behalf of property owner, M. Zamel, LLC, for a 20,000 s/f retail shopping center located at 1200 E. Jericho Tpke.

These services range from: billing and collection of rents; financial account management, recordkeeping and documentation; and coordination of all professionals and contractors; to property maintenance and repairs, tenant supervision and relations; regulatory compliance; legal actions; and property marketing.

At present, there is a 3,100 s/f end-cap unit, which can be subdivided, available for lease. Current tenants include: a dry cleaner, Cartridge World, Wine Shack, Lemon Tree Hair Salon, Carvel, dancewear store and a Chinese take-out restaurant.

Currently under Pliskin’s management are 85 properties with over 400 tenants located across the country. Pliskin also owns and manages its own high performance portfolio of properties

The Latest Trend in Real Estate Investing – Should You Join the Crowd?

There’s no doubt, real estate crowdfunding has arrived in a big way… at least according to articles like this one.

On the surface, crowdfunding sounds like a low-cost way to “get in the game,” without the nebulous nature of joining a REIT. But before you join the crowd (sorry, I couldn’t resist… won’t happen again), I have a few thoughts on some of the posited advantages of this trendy new funding method.

On Crowdfunding vs. REITs:

First, with crowdfunding, you know exactly what property or building you are investing in, giving you more control over your investments. You know exactly where your money is going. When you invest in a REIT, it’s possible you are investing in a company with a bunch of properties that you know little about.

It is true that, like the article says, you know what property your money is going into, and it seems you may be able to get a better return with the crowdfunding alternative.  But there are some very important considerations not mentioned here:
  • You may not know the investor
  • You have no control over your investment once it’s made
  • You have no liquidity

The price of REITs tends to be driven by market sentiment, rather than the actual value of the company’s assets. REITs are vulnerable to a market downturn, just like other stocks. For these reasons, real estate crowdfunding could make for a better investment than REITs.

Again, good points all. And yet, here come a few more of those patented Pliskin bullet points to shoot a hole or two. With a REIT stock, you get:

  • A cash flow
  • A capital appreciation
  • A public company that has been vetted, presumably, by numerous analysts.

While I personally haven’t dabbled in crowdfunding, that I would be a lot more confident buying shares in a REIT. Sometimes the tried and true method is that way for a reason.

Pliskin Realty & Development Closes on Brooklyn Retail Lease

Garden City, NY…
Michael DiBella, a Sales Associate with Pliskin Realty & Development (www.pliskinrealty.com, Garden City, NY), a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, recently served as the exclusive broker in a 10-year lease of a 4000 square foot retail space with full basement located at 436 Rockaway Avenue in Brooklyn, NY. The new tenant in the space, formerly occupied by a pharmacy convenience store, is Ashley Furniture HomeStore. The location is a thriving retail market with many other leading brand retailers in close proximity. Ashley Furniture is currently renovating the space for its showroom design and is expected to open in the fourth quarter of 2014. DiBella represented the tenant and the owner, a private investor.

DiBella, who joined Pliskin in February 2014, concentrates on property sales and leasing assignments. He brings to his role extensive sales experience, as well as direct retail experience as a former owner/manager of multiple food and beverage enterprises.
In addition to his New York Real Estate License, DiBella holds an A.A.S. Associate’s Degree in Banking, Real Estate and Insurance from Nassau Community College (Garden City, NY).
He resides in Bellmore, NY.

About Pliskin Realty & Development
Pliskin Realty & Development is one of the leading real estate brokerage, property management and investment firms in the New York-Metropolitan region specializing in retail real estate. Pliskin is one of the most active brokerage firms representing a wide range of properties, from the largest shopping centers to smaller, strip centers and standalone properties. The company successfully meets the needs of diverse clients, from major national retail brands and franchisors to local businesses, property owners and private investors. Among its many longstanding clients are Advance Auto Parts, Sally Beauty Supply, Ethan Allen Furniture, La-Z-Boy Furniture, Fed Ex/Kinkos, Vitamin Shoppe, 7-11, Walgreens, Municipal Credit Union, Planet Fitness Gyms, Sleepy’s, Subway, Angel Tip Nail Salons, Elizabeth Arden, BMW and Kiddie Academy. Pliskin’s geographic concentration is on Long Island and the five boroughs of New York City. Pliskin also manages over 1,250,000 square feet of properties in the NY area and nationally for investors. For additional information, visit www.pliskinrealty.com or call: (516) 997-0100.

Hartman of Pliskin secures four leases for AAP totaling 24,290 s/f

Originally published in New York Real Estate Journal

 

Marvin Hartman, Executive VP of Pliskin Realty
Marvin Hartman, Executive VP of Pliskin Realty

Monroe, NY Marvin Hartman, executive vice president at Pliskin Realty & Development, a New York-Metropolitan area retail real estate brokerage, property management and investment firm, continues to secure new locations for Advance Auto Parts, Inc. (AAP), one of the leading automotive aftermarket retailers of parts, batteries, accessories and maintenance items, to secure new locations in the region.

Hartman represented AAP in the following four 10-year leases totaling 24,290 s/f:

  • An additional 3,000 s/f at 557 Rte.17M, Monroe, N.Y. Pyramid represented the landlord;
  • 7,000 s/f at 380 Monroe Turnpike, Monroe, CT. Vidal/Wetterstein represented the landlord;
  • 7,000 s/f at 334 Rte. 212, Saugerties, N.Y. Commercial Associates Realty represented the landlord;
  • 7,290 s/f at 1305 Bedford Ave., Brooklyn, N.Y. Tom Duke of CBRE represented the landlord.

At Pliskin, Hartman specializes in retail leasing and development, investment in retail and multi-family properties, and brokerage and management of commercial and multi-family properties. A strong dealmaker, he is a longstanding broker for many leading national brands. He also has long-term relationships with many private investors for whom he handles all of their real estate transactions.

Hartman received his Bachelor of Arts from Queens College and MBA from Pace University. He is a member of the International Council of Shopping Centers.

Pliskin Realty & Development Names Charles Bimba Assistant Property Manager

Charles Bimba
Charles Bimba

Pliskin Realty & Development (www.pliskinrealty.com, Garden City, NY), a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, announced today the appointment of Charles Bimba as Assistant Property Manager. He will oversee a wide range of property management functions from rent billing and collections, account management, property budgets and supervision of capital improvements, to supervision of contractors, property maintenance, insurance oversight, regulatory compliance and property marketing. Bimba was brought on to help manage over 60 New York-Metropolitan area properties under Pliskin’s management in Nassau, Suffolk, Brooklyn and Queens. .

Directly prior to joining Pliskin, Bimba served as a Foreman for Land-Tech Enterprises (Warrington, PA), where he managed a four to five man crew supervising multiple projects ranging from pipe laying and excavation to construction, deconstruction and home remodeling projects in the Philadelphia area.

Bimba holds a Bachelor of Arts in Business Management from Kutztown University.

He resides in Lynbrook, NY.

About Pliskin Realty & Development

Pliskin Realty & Development is one of the leading real estate brokerage, property management and investment firms in the New York-Metropolitan region specializing in retail real estate. Pliskin is one of the most active brokerage firms representing a wide range of properties, from the largest shopping centers to smaller, strip centers and standalone properties. The company successfully meets the needs of diverse clients, from major national retail brands and franchisors to local businesses, property owners and private investors. Among its many longstanding clients are Advance Auto Parts, Sally Beauty Supply, Ethan Allen Furniture, La-Z-Boy Furniture, Fed Ex/Kinkos, Vitamin Shoppe, 7-11, Walgreens, Municipal Credit Union, Planet Fitness Gyms, Sleepy’s, Subway, Angel Tip Nail Salons, Elizabeth Arden, BMW and Kiddie Academy. Pliskin’s geographic concentration is on Long Island and the five boroughs of New York City. Pliskin also manages over 80 properties for investors and owners, located in the NY Metro area and in national markets. For additional information, visit www.pliskinrealty.com or call: (516) 997-0100.

Pliskin Realty Brokers 10-Year Lease for Nail Salon and Spa in Blue Point, NY

Garden City, NY…

Pliskin Realty & Development (www.pliskinrealty.com, Garden City, NY), a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, announced that Pliskin Sales Associate Christopher M. Wierzbickihas completed a 10-year lease transaction for a 2,500 square foot retail space located at 11 Montauk Highway in Blue Point, NY. The property owner is Blue Maps Realty, LLC and the tenant is Brother Baolu, Inc. Wierzbicki represented the owner, while Ben Hakimian of Edna Marshaal Realty (Great Neck, NY) represented the tenant. The space, formerly a bar, is being converted into a nail salon and spa by Brother Baolu which owns and operates a similar nail salon in Philadelphia, PA. Continue reading Pliskin Realty Brokers 10-Year Lease for Nail Salon and Spa in Blue Point, NY

Pliskin Realty Brokers 10 Year Lease for Subway Real Estate

Pliskin Realty & Development (www.pliskinrealty.com, Garden City, NY), a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, announced that Pliskin Sales Associate Christopher M. Wierzbicki and Executive Vice President Marvin Hartman recently brokered a 10-year lease with options on behalf of Subway Real Estate, seeking new locations for a SUBWAY® Restaurant. The lease was for a 1050 square foot space located at 483 Merrick Avenue in East Meadow, NY. Wierzbicki and Hartman represented both the owner, East Meadow Stores, Inc. and Subway. Continue reading Pliskin Realty Brokers 10 Year Lease for Subway Real Estate

Pliskin Realty Brokers Lease for Fishlife Aquariums’ First Retail Store

Garden City, NY…

Pliskin Realty & Development (www.pliskinrealty.com, Garden City, NY), a prominent New York-Metropolitan area retail real estate brokerage, property management and investment firm, announced that Pliskin Sales Associate Christopher M. Wierzbicki and Executive Vice President Marvin Hartman recently brokered a lease for the first brick and mortar retail location of Fishlife Aquariums, a full-service provider of products and services to create freshwater and saltwater commercial and residential aquariums. The new 1,000 square foot store is located at 221 Walt Whitman Road in Huntington Station. The lease, for which Wierzbicki and Hartman represented both Fishlife Aquariums and the property owner, Carcripet Realty, LLC, is for a five-year period with a 5-year option. Continue reading Pliskin Realty Brokers Lease for Fishlife Aquariums’ First Retail Store