January 2012 Vol. 3 Issue 5
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Selling or Leasing Your Building - Getting Started
By David G. HuntWe have decided to sell or lease our building but it seems that there is a lot of available commercial real estate these days. Where do we start?
Yes, it certainly seems confusing. In the end, however, the process is simple. The goal is to achieve the highest sale or lease price in the shortest amount of time. There are absolutely some first steps that you can take to achieve this. Here are five of the most crucial actions that we recommend:
Who: Hire an expert. Marketing real estate today is a sophisticated business, and a very high percentage of available real estate is available only through professionals, either institutional owners or commercial real estate brokers. As an individual, you are placing yourself at a competitive disadvantage by trying to sell the property yourself. A secondary advantage of hiring an exclusive broker is that an agent serves as a buffer between you and the eventual buyer, usually leveraging the price upwards in the negotiation process...... (MORE)
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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)
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Free Long Island Market Report
4th Quarter 2011
Click to view report |
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Companies on the Move
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International Integrated Solutions is moving to 137 Commercial Street, Plainview... WAC Lighting Co. is moving to 44 Harbor Park Drive, Port Washington... National Bankcard is moving to 300 Braodhollow Road, Melville... Internal Revenue Service is moving to 999 Stewart Avenue, Bethpage... Integrated Medical Professionals is moving to 532 Broadhollow Road, Melville... Bank Direct Capital Finance is moving to 1122 Franklin Avenue, Garden City... Frank Suppa Landscaping is moving to 100 Frank Road, Hicksville...
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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..... (MORE) |

Our Corporate Headquarters 17 Dupont Street, Suite 4 Plainview, NY 11803 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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Deer Park |
46 West Jefryn Boulevard | Industrial Office | 11,572 |
| .50 | $84.26 | 12/23/2011 | | Port Washington |
44 Harbor Park Drive | Industrial | 145,000 | 38,000 | 7.17 | $84.83 | 12/21/2011 | | Lake Success |
2500 Marcus Avenue | Industrial/Office | 134,766 | 7,000 | 5.5 | $46.88 | 12/1/2011 | | Inwood |
15 Hoover Street | Industrial | 24,700 |
| .32 | $93.12 | 11/23/2011 | | Commack |
50 Austin Boulevard | Industrial | 18,275 | 7,310 | 1 | $93.02 | 11/21/2011 | | Bayshore |
240 South Fehr Way | Industrial | 13,500 | 4,050 | .74 | $74.07 | 11/21/2011 | | | | | | | | | MORE |
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©Copyright 2010, 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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