Market Monitor LI Newsletter
January 2012 Vol. 3 Issue 5

Selling or Leasing Your Building - Getting Started

By David G. Hunt

We 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)


Cartoon for Email newsletter for Jan 2012

 

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Free Long Island Market Report
4th Quarter 2011
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Companies on the Move

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...

 

 

What's New at Hunt

Michael Kearney joins Hunt Corporate Services

 

Anders M. Haugen joins Hunt Construction Services, Inc.

 

CW-Westbury Purchases Building in Westbury, 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  

Deer Park

46 West Jefryn Boulevard

Industrial Office11,572
.50$84.2612/23/2011 
Port Washington

44 Harbor Park Drive

Industrial145,00038,0007.17$84.8312/21/2011 
Lake Success

2500 Marcus Avenue

Industrial/Office134,7667,0005.5$46.8812/1/2011 
Inwood

15 Hoover Street

Industrial24,700
.32$93.1211/23/2011 
Commack

50 Austin Boulevard

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

240 South Fehr Way

Industrial13,5004,050.74$74.0711/21/2011 
MORE

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