Category Archives: Schacker News

LIBN presenting Phil Shwom with a Real Estate and Development Award

In April, the Long Island Business News will be presenting the 2015 Real Estate and Development Awards, recognizing Phil Shwom as one of Long Island’s top professionals in the commercial and residential business community. Phil will be receiving the 2015 “Top Industrial Lease” award for representing Sheravalen Enterprises in their lease of a new 198,500…

Tax Straddling for 2015

“Tax straddling provides added incentive to taxpayers to sell their relinquished properties near year-end to take advantage of the significant tax-deferral benefits of 1031 Exchanges….”

2 Rodeo Drive, Edgewood

Sheralven Enterprises, a wholesale distributor of fragrances, creams and lotions, leased a 198,500-square-foot industrial building in the Heartland Business Center at 2 Rodeo Drive in Edgewood.  The building was formerly occupied by Royal Pet, which was acquired by Phillips Pet last year and relocated to Farmingdale.  Phil Shwom of Schacker Realty in Melville represented the…

Schacker sells 1001 South Oyster Bay Rd, Bethpage

June 26, 2014 Philip Shwom, SIOR, CCIM completed the sale of 1001 South Oyster Bay Rd. Bethpage, NY a 106,000 sq. ft. class A industrial building bought by Manhattan based Cornerstone Properties which will be renovating the property and leasing it to North Shore LIJ hospital.  

Heartland Town Square environmental impact statement approved

Islip advances Heartland project By: David Winzelberg April 28, 2014 One of Long Island’s largest mega-projects has taken another step closer to becoming a reality after the Islip Town Board voted to accept its environmental impact statement. On Thursday, the town unanimously accepted the final environmental impact statement for the $4 billion Heartland Town Square…