April 2010 Vol. 1 Issue 8
|
|
Zoning Research is Essential
We are in the market to buy an industrial building. How concerned should we be with the specific zoning of each property we consider?
There are a number of concerns in the evaluation of zoning, but the primary one is whether you can lawfully operate your business. As a general rule, most light manufacturing and warehousing operations ....(MORE)
Negotiation Commercial Lease Terms
Nearly all businesses must go through many of the same things to get started. The decisions that the business owner makes at the beginning can often make or break the success of the company. One task that must be done before any business can be done is leasing a space. ...(MORE)
|
Free Long Island Market Report
1st Quarter 2010 |
David Hunt to be a guest panelist at LIMBA Breakfast
LIMBAFriday May 7, 20108:00 - 8:45 A.M.Holiday Inn, 3845 Veterans Memorial Highway RonkonkomaLong Island Commercial Real Estate Update
"The Real Deal"Guest Speakers:David Hunt - Hunt Corporate ServicesMarie Zere - Zere Real Estate ServicesJack O'Connor - Newmark Knight FrankReservations631-757-6663 or info@limba.net |
|
Companies on the Move
| TDK Electronis Corp.... moving to 525 RXR Plaza, Uniondale... JP Morgan Chase....moving to 900 Stewart Avenue, Garden City ... Star Multi Care Services moving to 115 Broadhollow Road, Melville... Elm Global Logistics... moving to 85 Nicon Court, Hauppauge... Blackman Plumbing Supply Company..... moving to 900 Sylvan Avenue,Bayport ... Berdon LLP ....moving to 625 Locust Street, Garden City.... Brothers Roofing Building Materials ....moving to 560 Commercial Avenue, Garden City....
|
Financing File
|
Current Market Rates and Programs for the Long Island Commercial Marketplace
The SBA 504 loan program offers long term (10 or 20 years) fixed rate
subordinate mortgage financing for the purchase and renovations of
existing buildings or new buildings and equipment. Loans are up to 40%
of the project cost, maximum of $4,000,000 for manufacturers and
$1,500,000 for all other businesses.... (MORE)
|
Our Corporate Headquarters
5 Aerial Way, Suite 100 Syosset, NY 11791
516-937-1000 www.huntcorp.com |
|
|
|
COMPARABLE SALES IN THE LAST 12 MONTHS
City
| Address Street
| Property Type
| Size SF
| Office SF
| Acres Total | Sold Price/SF
| Sold Date
|
|---|
Deer Park
| 900 Grand Boulevard
| Industrial
| 130,000
| 14,000
| 7.03
| $50.00 | 2/18/2010 | Central Islip
| 111 Windsor Place
| Industrial
| 248,000
|
|
| $84.68 | 1/14/2010 | Yaphank
| 3 Old Dock Road
| Industrial Office
| 12,072
|
| 1.97 | $126.33 | 1/10/2010 | | Farmingdale | 40 Daniel Street
| Industrial | 149,330
| 36,512
| 8.3
| $73.66 | 1/5/2010 | West Babylon
| 120 Otis Street
| Industrial
| 13,300 | 1,330
| .75
| $109.40 | 12/31/2009 | Westbury
| 125 State Street
| Industrial
| 17,000
| 2,000
| .75
| $110.59 | 12/19/2009 |
MORE |
|
©Copyright 2009, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
| |
|
