December 2009 Vol. 1 Issue 4 |
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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 ...(MORE)
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. ...(MORE)
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
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Companies on the Move
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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...
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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
|
Address Street
|
Property Type
|
Size SF
|
Office SF
|
Acres Total |
Sold Price/SF
|
Sold Date
|
Farmingdale
|
40 Gazza Boulevard
|
Industrial |
40,000
|
|
1.95
|
$99.50 | 12/2/2009 |
Ronkonkoma
|
845 South First Street
|
Industrial |
64,224
|
5,000
|
4.3 |
$75.05 | 11/4/2009 |
Brentwood |
20 Grand Boulevard Noth
|
Industrial |
5,715
|
2,000
|
.52 |
$123.36 |
10/30/2009 |
Copiague
|
1179-1183 Sunrise Highway
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Industrial Office
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19,040
|
|
1.1
|
$89.29 |
10/29/2009 |
Bay Shore
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1600 Harrison Avenue
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Industrial
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7,000
|
1,500
|
1.55
|
$139.29 |
10/1/2009 |
Wyandanch |
330 Long Island Avenue
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Industrial |
8,000 |
800
|
.38 |
$74.38 |
8/31/2009 |
MORE |
�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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