Market Monitor LI Newsletter
December 2011 Vol. 3 Issue 4

Holiday Greetings

Property Sparkle on a Budget

By David G. Hunt

I have a building for lease. I want to make the property attractive for tenant but have a limited budget. Where do I start?

 

When marketing commercial real estate, there are three major concerns that you should address with respect to property maintenance. These are the overall appearance of the property ("curb-appeal"), perception of past maintenance, and of course, any safety issues. All three of these items will impact a prospective tenant. That impact can be either positive or negative.

 

I was recently contacted by a property owner who was having difficulty leasing his building. I agreed to inspect the property with him and make suggestions. Before we even got into the building we had to walk on what was left of a lawn to avoid a bush that had completely overgrown the front walk. Next, there was a dead bird in front the building entrance door. Believe it or not, the inside was worse. A dank smell, peeling paint, debris, inoperative light fixtures, and a lavatory in shambles. What a picture! No wonder prospective tenants ran screaming from the building..... (MORE)



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 HCSI

 Your Construction and Maintenance Department

 

 A Single Point of Contact for All Your Commerical Construction & Maintenance Needs.

 

(Click on Hunt logo for more information about

Hunt Construction Services, Inc. or visit www.huntcsi.com)

 
Companies on the Move

InGenious Targeting Laboratory is moving to 2200 Smithtown Avenue, Ronkonkoma...  JW Creations is moving to 20 South Mall, Plainview... Weiser Mazars is moving to 60 Crossways Park West, Woodbury... Zimmer New England is moving to 2 Aerial Way, Syosset...  Flipside Prodigy is moving to 360 Motor Parkway, Hauppauge... Beyer Graphics is moving to 50 Austin Boulevard...  Gem Pawnbrokers is moving to 708 Walt Whitmand Road, Melville... Creative Playthings is moving to 740 Old Willets Path, Hauppauge... Leidel Industries is moving to 95 Orville Drive, Bohemia...

What's New at Hunt

JW Creations Leases space in Plainview, NY

 

Hunt Completes E.I.F.S.Work at Meadowbrook Shopping Center

 

Condominium Sale and Lease in Glen Cove, NY

 

 

 

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..... (MORE)

 

 

Quick Links
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Our Corporate Headquarters
17 Dupont Street, Suite 4 
Plainview, NY 11803
516-937-1000

 

www.huntcorp.com
COMPARABLE SALES IN THE LAST 12 MONTHS
City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF   Sold Date  

Commack

50 Austin Boulevard

Industrial18,2757,3101$93.0211/21/2011 
Ronkonkoma

2120 Smithtown Avenue

Industrial71,2246,7323.52$71.6111/18/2011 
Ronkonkoma

2200 Smithtown Avenue

Industrial21,1362.25$83.7411/14/2011 
West Babylon

5053 Mahan Street

Industrial7,000700.5$88.5711/9/2011 
Farmingdale

121 Executive Boulevard

Industrial16,5003,500.91$121.2111/8/2011 
Medford

21 Commercial Boulevard

Industrial13,4964,2721.05$82.9910/31/2011 
MORE

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