Market Monitor LI Newsletter
October 2009 Vol. 1 Issue 2
Standing Out in a Crowded Field
We are placing our industrial building on the market shortly.  What are some of the ways we make our building stand out and get top dollar? 

Not many owners of available commercial real estate take the time to evaluate their competition, but that is precisely the way to assemble a marketing plan to help your property stand out in a crowded marketplace...
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Rentable and Useable Square Feet
Brokers seem to quote space as both useable and rentable square footage.  What is the difference between rentable and useable square feet, and how are they both calculated? 

The space that a tenant can actually use is called "useable", or sometimes "carpetable," square footage.  This may be very important to the tenant in laying out his furniture, but it is not the critical component in calculating rent.  ...
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Other Articles on Commercial Real Estate
 
For the Buyer or Tenant:


Renewing a Lease

Lease Options
 
For the Seller or Landlord:


Negotiation Tactics For the Seller

Evauluate Tenants and Reduce Your Risk

Cap Rate Comparison

Price Comparison per SF
Companies on the Move
StarCom... moving to 41 Central Drive in Farmingdale ... U.S. Citizenship and Immigration Service ... moving to 5000 Corporate Court, Holtsville ... Grassi & Company ... moving to 50 Jericho Quadrangle, Jericho ... Source One Packaging. ... moving to 20 Commerce Drive, Hauppauge  ... Bain Mechanical Services ... moving to 226 Bangor Street, Lindenhurst ... A.S.A. Cabling Systems... moving to 10 Aerial Way in Syosset...


Cartoon

What's New at Hunt
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 $4,000,000 for manufacturers and $1,500,000 for all other businesses.... (MORE)
Quick Links
COMPARABLE SALES IN THE LAST 12 MONTHS
 
City                    
Address Street                   
Property Type  
  Size SF  
    Office SF
    Acres Total Sold Price/SF 
 Sold Date 
Wyandanch 330 Long Island Avenue
Industrial 8,000 800
.38 $74.38 8/31/2009
Hauppauge 230 Adams Avenue
Industrial 65,000
4.80
$96.00 8/11/2009
Deer Park
540 Brook Avenue
Industrial
17,300
1,730
1
$85.26 6/30/2009
Lynbrook
162 Atlantic Avenue
Office Industrial
6,500 4,000 .21
$169.23 6/24/2009
Uniondale
972 Nassau Road
Industrial 14,042
2,100
.49 $83.68 6/23/2009
Farmingdale
140 Marine Street
Industrial Office
3,034
1,820
.42
$207.65 6/5/2009
MORE

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�Copyright 2009, 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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