LI real estate investor acquires upstate retail property



A Centereach-based real estate investor has purchased a retail property in the upstate Village of Catskill. 

The buyer’s entity, 19 Central LLC, purchased the 14,550-square-foot building on 1.8 acres at 19 Central Ave. in Catskill for $5.65 million. 

The property is net-leased to Walgreens, which has 10 years remaining on its lease. 

The sale price equates to a 6 percent cap rate. 

Marty Sass of Silber Investment Properties represented the buyer, while his Silber Investment Properties colleague Nicolas Anzalone represented the seller, KAJ Properties LLC, in the sales transaction. 


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