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New York Commercial Real Estate

LOVIN' LONG ISLAND

T. Weiss Realty CEO Ted Weiss, The Rochlin Org's Michael Rosenfeld, and Newmark Knight Frank's Brian Lee caught up at a broker event Wednesday night at T. Weiss's 155k SF 105 Maxess Rd in Melville, where Crawford Co's departure this year left 65k SF vacant. 30k has been leased back up, leaving 35k SF that's subdividable, though Ted would prefer a larger user. The Polytechnic Institute of NYU just renewed its 11k SF lease there; Brian and colleague Scott Berfas repped the tenant, while Craig Weiss repped the owner.
What else is on Ted's agenda? Putting money to work. "Our powder is really dry," he says. The firm's looking for a great opportunity but can't put its arms around anything. He's sniffing around for distressed properties from Melville to Hauppauge and may consider western Nassau County or the boroughs—but eastern Nassau's not on that list. (What about the fashionable East Egg?)

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