Market Monitor LI Newsletter
December 2009 Vol. 1 Issue 4
Happy Holidays
Not-for-Profits Should Buy Real Estate
Our organization is a not-for-profit and we are leasing space that we now have outgrown.  Does it make sense for us to consider the purchase of new office space?

I would answer with a resounding, "Yes!"  There are many factors that contribute to whether any organization should buy or lease a property, and as a not-for-profit you are subject to most of them.  But there are some advantages that are peculiar to only not-for-profits ...
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Pricing Industrial Property
We will be placing an industrial building on the market shortly.  What is the best way to establish the right selling price?

Setting an asking price is more art than science, but certainly the first step is to establish the market value of the property.  The real estate appraisal process.  ...
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Other Articles on Commercial Real Estate
 
For the Buyer or Tenant:


Tenant Expansion Options

 
For the Seller or Landlord:


Contingencies in a Contract of Sale

US Price/SF Comparison
US Cap Rate Comparison
Companies on the Move
DEA Products... moving to 845 South First Street, Ronkonkoma... Island Technology ... moving to 131 Heartland, Edgewood ... EG Systens ... moving to 65 Enginneers Road, Hauppauge.... Giambalvo, Giammarese & Stalzer. ... moving to 3500 Sunrise Highway, Great River  ... Telephonics ... moving to 780 Park Avenue, Huntington ...InvaGen Pharmaceuticals... moving to 600 Old Willets Path, Hauppauge..... National
Support Services... moving to 105 Maxess Road, Melville...

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 
Farmingdale
40 Gazza Boulevard
Industrial 40,000

1.95
$99.5012/2/2009
Ronkonkoma
845 South First Street
Industrial 64,224
5,000
4.3 $75.0511/4/2009
Brentwood 20 Grand Boulevard Noth
Industrial 5,715
2,000
.52 $123.36 10/30/2009
Copiague
1179-1183 Sunrise Highway
 Industrial Office
19,040

1.1
$89.29 10/29/2009
Bay Shore
1600 Harrison Avenue
Industrial
7,000
1,500
1.55
$139.29 10/1/2009
Wyandanch 330 Long Island Avenue
Industrial 8,000 800
.38 $74.38 8/31/2009
MORE

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