Market Monitor LI Newsletter
November 2009 Vol. 1 Issue 3
Hiring a Tenant/Buyer Broker
A real estate broker wants to represent our company exclusively, but we are nervous that we may not see all of the available properties if we limit ourselves to one broker.  It seems that we may have a better chance of finding the right space if we "play the field" with several brokers.  Is this the right approach?

You are right to be circumspect about signing an exclusive contract with one broker, but not for the reason you suspect.  Virtually all experienced brokers will have access to every potential available property in the marketplace...
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Importance of Lease Abstracts
We have just signed a lease for new manufacturing and warehouse space.  The lease document is 67 pages long!   What is the best way to keep track of all our commitments?

Probably the last thing on a tenant or landlord's mind at the successful completion and execution of lease negotiation is additional paperwork.  But there is one last item on the checklist that should be done at the completion of every successful lease - the lease abstract.  ...
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Other Articles on Commercial Real Estate
 
For the Buyer or Tenant:


Things to Consider Before Signing an Office Lease

 
For the Seller or Landlord:


Perfect Seller

Sales Volume & Price
Free Long Island Market Report
3rd Quarter 2009
Costar Report
Companies on the Move
Amico Source... moving to 71 East Industry Court, Deer Park... Shoreline Records Management ... moving to 28 Industrial Boulevard, Medford ... Brothers Building Materials ... moving to 17 Central Avenue, Hauappauge ... Data Path Inc.. ... moving to 20 Austin Boulevard, Commack  ... Pall Corporation ... moving to 25 Harbor Park Drive, Port Washington ... Yale Assocaites Inc,... moving to 25 Orville Drive, Bohemia... Nathan's Famous Inc.... moving to 1 Jericho Plaza, Jericho...Arizona Beverage Co.... moving to 60 Crossways Park Drive, Woodbury...

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 
Ronkonkoma
845 South First Street
Industrial 64,224
5,000
4.3 $75.05 11/4/2009
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
MORE

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