February 2012 Vol. 3 Issue 6
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Budget Quotations vs. Contract Bids
By David G. HuntWe are contemplating a comprehensive renovation of our existing office space, and would like to get some idea of the cost. Should we be getting multiple bids?
Yes, you should eventually get multiple construction bids, but that is not what you need right now!
If you are planning commercial construction or renovation, there are two types of construction estimates. You need to be aware of the advantages and disadvantages of both. A "budget quotation" is a rough estimate of the costs of construction which is prepared without a lot of detailed information on the quality or type of materials. A "contract bid" is a price for which the contractor is prepared to build, and is usually based on a complete set of drawings and/or outline specifications....... (MORE)
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Image isn't everything...... but it sure is helpful when it comes
to leasing or selling your building!
You cannot depend on a prospect's vision
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to help you sell or lease your property.
Yes, there are some buyers and tenants who have the vision to see past the poor physical condition of property, but the vast majority cannot.
"Getting-ready-for-market" work is often a lot more economical than you may suspect, and will usually bring back multiples of the cost in an increased rental or sale price.
For more information and the "after" photo, click here.... |
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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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Companies on the Move
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J&A USA Inc. is moving to 335 Crooked Hill Road, Brentwood... Chabad of Merrick is moving to 2174 Hewlett Avenue, Merrick... National Bankcard is moving to 538 Broadhollow Road, Melville... Kliger-Weiss Infosystems is moving to 2200 Northern Boulevard, East Hills... Dance Connection is moving to 181 Freeman Avenue, Islip..... National Welding Procedure and Inspection Consultants is moving to 940-944 South Broadway, Hicksville... AFTS Labs is moivng to 728 Larkfield Road, East Northport.... The Leonard Vincent Group is moving to 3500 Sunrise Highway, Great River... |
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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Ronkonkoma
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1755 Julia Goldbach Avenue
| Industrial | 6,500 |
| .30 | $91.54 | 1/18/2012 | | Hicksville |
100 Frank Road
| Industrial | 20,000 | 2,000 | 1.50 | $62.00 | 1/1712012 | | Farmingdale |
31 Central Drive
| Industrial | 8,500 | 2,500 | .35 | $96.47 | 1/11/2012 | | Copiague |
132 Lincoln Street
| Industrial | 18,500 | 3,711 | .679 | $54.00 | 1/11/2012 | | Deer Park |
46 West Jefryn Boulevard
| Industrial | 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 | | | | | | | | |
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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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