Dino Tomasetti Jr

A look at Lyndhurst’s new self-storage facility

Image source: assetrcg.com

Dino Tomassetti, Jr., head of Asset Realty & Construction Group, has mentioned that a new project in Lyndhurst, NJ, has been completed.

The property, which was built on 1 Terminal Rd, Lyndhurst, NJ, is a ground-up development of a self-storage facility. The project is approximately 117,000 square feet and includes 922 units, a retail store, on-site parking, and a covered loading area.

Asset Realty acquired the property through one of its development affiliates. The property started as an industrial warehouse located at the busy interchange of NJ Route 3 and Route 17, approximately 1.5 miles south of the Meadowlands Sports Complex.

It was re-zoned to permit the use of self-storage, after which approvals were obtained by both the Township of Lyndhurst and the New Jersey Sports and Exposition Authority (NJSEA) for construction.

Asset Realty worked with a world-class design-build contractor and entered into an agreement with a well-known, publicly traded REIT to provide branding and third-party management services for the facility. Financing came from a local, New Jersey-based bank, and the demolition of the warehouse took place early in 2019.

Asset Realty and its affiliates worked diligently through the COVID-19 restrictions to keep construction moving forward, of course prioritizing health and safety above all. The project was completed this year. Dino Tomassetti, Jr. also stated that the facility is also fully climate-controlled with a minimal environmental footprint.

Asset Realty sees this project as the first of many planned self-storage developments within the Tri-State area, each of which will be built following the same guidelines, creating a higher standard of product in locations with a high demand for self-storage facilities.

Dino Tomassetti, Jr., is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the most high-profile developments in the New York Metropolitan Area. His new company, Asset Realty & Construction Group, Inc., combines his construction and real estate expertise. For similar reads, click here.

A look at a couple Asset Reality’s complete projects in the past

Asset Realty & Construction Group, a real estate development firm led by Dino Tomassetti, Jr., has completed several commercial, residential, and storage properties on the East Coast of the United States, primarily in New York and New Jersey areas.

For this blog, Dino Tomassetti, Jr., once more shares two Asset Realty & Construction Group’s completed projects in the New York and New Jersey areas.

The Residences at the Gemini, Rockaway Beach, NY

The Gemini is a mixed-use residential, retail, and community facility building in the heart of Rockaway Beach, developed, owned, and operated by Asset Realty. It literally rose from the ashes of Superstorm Sandy.

With 54 residential units, four commercial units, and public parking, the building was constructed to meet a specific need for affordable housing in New York City and a more general need for housing, retail, and community facility within the burgeoning neighborhood.

With excellent access to public transportation and built along a major retail corridor within the community, the attractive building also offers public parking for summertime beachgoers alike.

Amazon Fulfillment Center, Mount Olive, NJ

This newly renovated warehouse building of approximately 130,000 square feet is subject to a long-term triple net lease with Amazon, Inc. Located minutes from Interstate 80 and US Route 46, the building will serve as a “last mile” fulfillment center for Amazon.

Dino Tomassetti, Jr., also mentions several other properties on the horizon for Asset Realty, which people in the New York and New Jersey areas can look forward to.

Asset Realty & Construction Group: Building the country

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Dino Tomassetti, Jr., CEO of Asset Realty & Construction Group, Inc., has led the development and construction of properties in the eastern part of the United States. Under Tomassetti’s leadership, Asset Realty has put up several storage facilities and is currently starting projects in cities, including New Jersey and the Bronx.

Asset Realty is a full-service real estate development and investment firm specializing in real estate development, construction, property management, and investment. Through a combination of in-house expertise and strategic partnerships with a myriad of well-respected firms, Asset Realty and Dino Tomassetti, Jr. seek to create value by acquiring unimproved sites in emerging markets and leveraging their expertise in the fields of architecture, design, and construction to build high-quality real estate properties.

Furthermore, Asset Realty uses its property management experience to increase revenues, trim operating expenses, and maximize the value of its properties in the long term. It is currently involved in the development and management of numerous real estate projects in multi-family, self-storage, industrial, and commercial/retail sectors. Dino Tomassetti, Jr.’s primary goal is to increase the portfolio value of Asset Realty while contributing to the development and improvement of neighborhoods within the Tri-State Area and beyond.

Dino Tomassetti, Jr., is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the New York Metropolitan Area’s most high-profile developments. His new company, Asset Realty & Construction Group, Inc., is built on his construction and real estate expertise. For more real estate news and stories, click here.

What Asset Realty & Construction Group is all about

Image source: assetrcg.com

Dino Tomassetti, Jr. is the head of Asset Realty & Construction Group, Inc., a company that develops properties in the eastern United States. The company has put up a number of projects that include commercial and residential areas and self-storage facilities, and is currently working on a number of projects in areas around New Jersey and the Bronx.

Asset Realty & Construction Group is a full-service real estate development and investment firm that specializes in real estate development, construction, property management, and investment.

Through a combination of in-house expertise and strategic partnerships with various well-respected firms, Asset Realty seeks to create value by acquiring unimproved sites in emerging markets and leveraging its expertise in the fields of architecture, design, and construction to build Class A real estate properties.

The real estate development firm then uses its property management experience to increase revenues, trim operating expenses, and maximize the value of its properties in the long term. It is currently involved in the development and management of numerous real estate projects in the sectors of multi-family, self-storage, industrial, and commercial/retail.

Dino Tomassetti, Jr. and Asset Realty’s primary goal is to increase the company’s portfolio’s value while contributing to the development and improvement of neighborhoods within the Tri-State Area and beyond.

Dino Tomassetti, Jr. is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the New York Metropolitan Area’s most high-profile developments. His new company, Asset Realty & Construction Group, Inc., is built on his construction and real estate expertise. For more real estate news and stories, click here.

Financing for Asset Realty’s 3160 Villa approved

Image source: Dino Tomassetti Jr. | Flickr

Working with the commercial mortgage broker Kathy Anderson of Progress Capital, Dino Tomassetti, Jr, owner of Asset Realty, has secured a $14,525,000 Construction/Permanent Mortgage for the multifamily project located at 3160-3166 Villa Avenue in the Bronx, New York.

Anderson owns Progress Capital, a commercial real estate advisory firm with over $40 billion in closed loans and $150 million of directly funded bridge loans. She worked with Investors Bank, which provided favorable terms, including a 24-month interest-only construction loan with a permanent conversion option.

On his end, Dino Tomassetti, Jr. is making an essential improvement to a site in the Bedford Park section of the Bronx. What was formerly two inhabitable homes will be transformed into an 11-story apartment building that will serve affordable housing within the community.

Construction plans include demolishing the existing structure to construct the new building with 66 residential apartments. The building’s unit mix will consist of 44 one-bedroom units and 22 two-bedroom units with high-quality finishes. Of the total 66 residential units, 13 one-bedroom units and 7 two-bedroom units are dedicated to affordable housing.

Image source: Dino Tomassetti Jr. | Pinterest

One of Asset Realty’s objectives is to develop buildings that can be viewed as an asset to the neighborhood, Dino Tomassetti, Jr. explains. He also notes that his company eyes being a low-cost provider of a much-needed product or service, which in this case is affordable housing.

Among the property’s immediate surroundings are other residential buildings, retail stores, office buildings, and restaurants. The location also provides residents easy access to numerous commuting outlets such as Bedford Park Boulevard Station, Interstate-87, and The Bronx’s Grand Concourse.

Dino Tomassetti, Jr. is an accomplished real estate developer with roots in construction. His company, Asset Realty & Construction Group, Inc., is built on his construction and real estate expertise. Check out this blog for similar reads.

Property management and direct lending: Two of Asset Realty’s main services

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Dino Tomassetti, Jr. and real estate development firm Asset Realty & Construction Group are responsible for several developed properties on the East Coast, primarily in the New York and New Jersey areas.

Over the years, Asset Realty & Construction Group has provided its clients with services based on a multilevel approach to real estate development. The company has four main services: property management, direct lending, acquisitions, and construction.

Dino Tomassetti, Jr., discusses below the first two services: property management and direct lending.

Property Management

Asset Realty & Construction Group currently manages either directly or through strategic partnerships a substantial portfolio of real estate assets across a broad range of sectors, including self-storage, multifamily, commercial office, retail, and commercial warehouse. The company utilizes its experience in all aspects of real estate ownership and operation to maximize rental income while trimming operating expenses through efficient management, economies of scale, and a common-sense approach.

Direct Lending

Asset Realty & Construction Group, working directly or through strategic partnerships, can provide direct funding for third party projects. Past projects have included short-term loans for real property acquisition, construction, development projects, debt, and equity funding for startup ventures.

Dino Tomassetti, Jr., is an accomplished real estate developer with roots in construction. His company, Asset Realty & Construction Group, Inc., is built on his construction and real estate expertise. Check out this site for similar reads.

A look at two more of Asset Realty & Construction Group’s many successful projects

Asset Realty & Construction Group is headed by Dino Tomassetti, Jr. The company has completed several noteworthy projects on the East Coast of the United States, primarily in the New York and New Jersey areas. Its properties range from residential and commercial, retail to community facilities, to warehouses.

Here are two more Asset Realty & Construction Group’s completed projects in the New York and New Jersey areas, as shared by Dino Tomassetti, Jr.

The Residences at the Gemini, Rockaway Beach, NY

This mixed-use residential, retail, and community facility building in the heart of Rockaway Beach, is developed, owned, and operated by Asset Realty. It rose from the ashes of Superstorm Sandy. With 54 residential units, four commercial units, and public parking, the building was constructed to meet a specific need for affordable housing in New York City and a more general need for housing, retail, and community facility within the burgeoning neighborhood.

With excellent access to public transportation and built along a major retail corridor within the community, the attractive building also offers public parking for summertime beachgoers.

Amazon Fulfillment Center, Mount Olive, NJ

Dino Tomassetti, Jr. is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the most high-profile developments in the New York Metropolitan Area. His new company, Asset Realty & Construction Group, Inc., combines his construction and real estate expertise. For more real estate news and stories, click here.

A few services offered by Asset Realty & Construction Group

Image source: assetrcg.com

Dino Tomassetti, Jr. is the leader of real estate development firm Asset Realty & Construction Group. The real estate development firm is responsible for several developed properties on the East Coast of the United States, primarily in the New York and New Jersey areas.

Asset Realty & Construction Group takes a multilevel approach to real estate development and has four main services that it offers and provides to its clients. These services are property management, direct lending, acquisitions, and construction. For today’s blog, Dino Tomassetti, Jr. briefly discusses the first two services: property management and direct lending.

Property Management

Asset Realty & Construction Group currently manages either directly or through strategic partnerships a substantial portfolio of real estate assets across a broad range of sectors, including self-storage, multifamily, commercial office, retail, commercial warehouse, and others. The company utilizes its experience in all aspects of real estate ownership and operation to maximize rental income while trimming operating expenses through efficient management, economies of scale, and a common-sense approach.

Direct Lending

A look at two more completed projects from Asset Realty & Construction Group

Dino Tomassetti, Jr., is the head of Asset Realty & Construction Group, a real estate development company that has acquired, managed, and developed several properties over the years. Most of the company’s projects are located on the East Coast of the United States.

For today’s blog, Dino Tomassetti, Jr., shares two more projects which Asset Realty & Construction Group has completed in the past.

Mixed Retail and Office – Brooklyn, NY

Anchored by Sheepshead Bay Marketplace, a staple of the local neighborhood in the heart of Brooklyn, 2558 East 18th St. is a retail and commercial office building that demonstrates the benefit of long-term real estate ownership. The property was incorporated into the portfolio over 30 years ago. Through alterations, constant improvements, solid credit tenancies, and steady appreciation of rents, the building has become an integral part of the Asset Realty portfolio. Other tenancies include or have included Verizon, the NYS Dept. of Labor, and Medical Office.

‘The Beaches’ Apartments, Rockaway Beach, NY

These two properties, 192 Beach 102nd St. and 2-15 Beach 101st St., were developed by and are owned and operated by Asset Realty. These buildings, completed in 2013, offer a total of 54 attractive and spacious residential units within the up and coming beach community of the Rockaways. Rockaway Beach has undergone a renaissance in the wake of Superstorm Sandy, with public investment in infrastructure, the revitalization of the boardwalk, and the introduction and re-introduction of the Rockaway Ferry Service, allowing easy access to this once-hidden beach paradise.

What Asset Realty & Construction Group is all about

Dino Tomassetti, Jr. is the head of Asset Realty & Construction Group, Inc., a company that develops properties along the east coast of the United States. Under Tomassetti’s leadership, the company has put up a number of storage facilities and is currently starting on a number of projects in cities, including the New Jersey and Bronx areas.

Asset Realty is a full-service real estate development and investment firm with specialties in real estate development, construction, property management, and investment. Through a combination of in-house expertise and strategic partnerships with a myriad of well-respected firms, Asset Realty seeks to create value by acquiring unimproved sites in emerging markets and leveraging its expertise in the fields of architecture, design, and construction to build Class A real estate properties.

Image source: assetrcg.com

Asset Realty then uses its property management experience to increase revenues, trim operating expenses, and maximize the value of its properties in the long term. It is currently involved in the development and management of numerous real estate projects in the sectors of multi-family, self-storage, industrial, and commercial/retail. Dino Tomassetti, Jr. and Asset Realty’s primary goal is to increase its portfolio’s value while contributing to the development and improvement of neighborhoods within the Tri-State Area and beyond.

Dino Tomassetti, Jr., is a successful real estate developer who started in construction. He has completed several construction projects and has expanded his portfolio to include some of the New York Metropolitan Area’s most high-profile developments. His new company, Asset Realty & Construction Group, Inc., is built on his construction and real estate expertise. For more real estate news and stories, click here.