October 2009 Vol. 1 Issue 2
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Standing Out in a Crowded FieldWe 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...(MORE)
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. ...(MORE)
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
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Companies on the Move
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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...
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Financing File
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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)
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COMPARABLE SALES IN THE LAST 12 MONTHS
City
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Address Street
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Property Type
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Size SF
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Office SF
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Acres Total |
Sold Price/SF
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Sold Date
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| Wyandanch |
330 Long Island Avenue
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Industrial |
8,000 |
800
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.38 |
$74.38 |
8/31/2009 |
| Hauppauge |
230 Adams Avenue
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Industrial |
65,000 |
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4.80
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$96.00 |
8/11/2009 |
Deer Park
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540 Brook Avenue
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Industrial
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17,300
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1,730
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1
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$85.26 |
6/30/2009 |
Lynbrook
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162 Atlantic Avenue
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Office Industrial
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6,500 |
4,000 |
.21
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$169.23 |
6/24/2009 |
Uniondale
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972 Nassau Road
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Industrial |
14,042
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2,100
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.49 |
$83.68 |
6/23/2009 |
Farmingdale
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140 Marine Street
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Industrial Office
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3,034
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1,820
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.42
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$207.65 |
6/5/2009
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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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