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Environmental Reports
We have made an offer to purchase a building. While the property seems environmentally
clean, the whole issue seems like a mine-field.
What is our best course of action?
When purchasing any real estate, one of the most
critical items on any check list is the box labeled "environmental". There are several critical reasons that a
comprehensive environmental report must be done, not the least of which is the
fact that nearly every lender will ....(MORE)
History of the 1031 Tax-Deferred Exchange in
Real Estate
What is the history of the 1031 tax-deferred exchange? Some investors know that the exchange is a strategy
long used by real estate investors. An investor sells investment property and
buys or acquires "like-kind" property following the regulations and
stipulations of Section 1031 in the Internal Revenue Code (IRC) to defer
federal tax, capital gain, and depreciation recapture taxes.
"Like-kind" is defined as any type of real estate.. ...(MORE)
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MEET OUR TEAM - MARK FISCHL
 Mark Fischl is a partner and Senior Managing Director. Prior to Hunt Corporate Services, Mr. Fischl has served as vice president of a real estate company with full management control of 1.5 million square feet of buildings. Notable transactions include the purchase of a 385,000 square foot building from Northrop Grumman in Bethpage, NY; the sale of 285,000 square feet to Plainview Properties in Plainview, NY; the lease of 120,000 square feet to Publishers Clearing House in Syosset, NY; and a long term land lease of 9 acres to Stop & Shop for redevelopment in Farmingdale, NY. In that capacity he also managed a $35 million environmental trust at the Liberty Industrial Finishing Superfund site on Long Island. He has also served as vice president and partner of a full service commercial contracting company.Mr. Fischl is also the former president of the American Platform Tennis Association, responsible for national growth and the regulation of platform tennis.To contact Mark Fischl, please email mafischl@huntcorp.com
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Companies on the Move
| East Coast Fertility... moving to 245 Newtown Road, Plainview...Aladdin Packaging ... moving to 325 Rabro Drive, Hauppauge... Aviva Life Insurance .... moving to 324 South Service Road, Melville .. FragranceNet.com ... moving to 900 Grand Avenue, Deer Park .... Framerica ....moving to 19 Nicholas Drive, Yaphank.... Laurel Enviromental Associates, LTD .... moving to 53 West Hills Road, Huntington Station...
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Financing File
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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)
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Our Corporate Headquarters
5 Aerial Way, Suite 100 Syosset, NY 11791
516-937-1000 www.huntcorp.com |
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COMPARABLE SALES IN THE LAST 12 MONTHS
City
| Address Street
| Property Type
| Size SF
| Office SF
| Acres Total | Sold Price/SF
| Sold Date
|
|---|
Farmingdale
| 69 Toledo Street
| Industrial
| 6,000
| 2,000
| .34
| $100.00 | 4/2/2010
| Hauppauge
| 5 Plant Avenue
| Industrial
| 80,320
| 6,600
| 5.20
| $70.97
| 4/1/2010 | Bohemia
| 35 Feldland Street
| Industrial
| 8,000
| 800
| .54 | $116.38 | 3/25/2010 | | Hauppauge | 800 Prime Place
| Industrial Office
| 12,000
| 12,000
| 1.4
| $183.33 | 3/12/2010 | Freeport
| 96 Commercial Street
| Industrial
| 10,200 |
| .41
| $93.14 | 3/3/2010
| Deer Park
| 900 Grand Boulevard
| Industrial
| 130,000
| 14,000
| 7.03
| $50.00 | 2/18/2010 |
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©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.
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