October 2010 Vol. 2 Issue 2
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 | | John Hoblin |
Negotiating with Your Existing Landlord
By John Hoblin
My lease is coming due within a year. I intend to renew. I don't need a broker, right?
The reasonable assumption goes something like this:
"I have a good and long-established relationship with my landlord. I know what I can afford to pay and will negotiate a fair renewal with my landlord. Besides, if I introduce a broker, it's just another cost item that will be charged back to me in higher rent."....(MORE) Professional Real Estate DesignationsBy David G. Hunt
I have noticed the string of initials after your name. What do the initials mean? Should we only work with a real estate professional with designations?
While it is not necessary to have these designations for a broker to be a true professional, they almost guarantee that he or she is one. All of the real estate designations that I have represent a very rigorous course of study, exams, and usually a demonstration of many years of experience and volume.....(MORE)
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Free Long Island Market Report
3rd Quarter 2010
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Companies on the Move
| Dynamic Laboratories is moving to 30 Haynes Court, Ronkonkoma... Sunrise Medical Laboratories is moving to 250 Miller Place, Hicksville... Rusco Direct Logistics is moving to 40 Aero Road, Bohemia... Yorkshire Stone is moving to 175 Marcus Boulevard, Hauppauge... Kral Clerkin Redmond Ryan is moving to 538 Broadhollow Road, Melville... Overhead Door Company is moving to 939 Motor Parkway, Hauppauge... Cremosa Food Company is moving to 148 Milbar Boulevard, Famingdale...
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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 $5,000,000 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
| Property Type
| Size SF
| Office SF
| Acres Total | Sold Price/SF
| Sold Date
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Bohemia
| 44 Davinci Drive
| Industrial
| 21,000
| 1,500
| 1.20
| $76.19 | 10/12/2010
| Hauppauge
| 17 Central Avenue
| Industrial
| 22,000
| 6,000
| 1.93
| $118.18 | 9/13/2010
| Ronkonkoma
| 731 Union Parkway
| Industrial
| 15,000
| 10,000
| 1.50
| $100.00 | 9/3/2010
| Hicksville
| 190 Duffy Avenue
| Industrial
| 9,100
| 3,200
| .5 | $152.75 | 8/30/2010 | Woodbury
| 80 Crossways Park Drive
| Office Industrial
| 24,000
| 14,000
| 2
| $138.13
| 8/16/2010 | Plainview
| 11 Commercial Street
| Office Industrial
| 17,500
| 14,550
| 1.52
| $134.29 | 8/13/2010 | Mineola
| 121 East 2nd Street
| Industrial
| 6,325 |
| .66
| $98.02 | 8/5/2010
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