January 2010 Vol. 1 Issue 5
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Six Esential Rules for Closing Deals
We are trying to buy an industrial building for our distribution business. We have lost two deals in a row, and are getting frustrated. I'm wondering what suggestions you might have to actually close a deal once you have found the property you want...
Entire books have been written about the art of negotiating. Let me share with you the most important strategies that have helped me negotiate advantageous transactions for our clients....(MORE)
Lease Enhancement
We are planning to lease a larger manufacturing
facility on Long Island. Our broker says the landlord is going to
require "lease enhancement". What does
this mean, and how should it be negotiated?
Lease
enhancement refers to a means of providing additional assurance to the landlord
that you will be able to live up to the terms of your lease. Landlords are concerned with ...(MORE)
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Free Long Island Market Report
4th Quarter 2009 |
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Companies on the Move
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E.W. Howell...
moving to 245 Newtown Road, Plainview... Circor Aerospace... moving to 425 Rabro Drive, Hauppauge.... Nycomed US Inc.... moving to 20 Melville Park Road, Melville... Scotts lawn Service... moving to 65 Engineers Road, Hauppauge...Cameta Camera... moving to 115 Bi-County Boulevard, Farmingdale... Bay Shore Paper... moving to 39 Drexel Drive, Bay Shore...DEA Products...
moving to 845 South First Street, Ronkonkoma... Island Technology ... moving to 131 Heartland, Edgewood ...
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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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Farmingdale
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5 Dubon Court
| Industrial |
31,873 | 2,900
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1.5 |
$86.28 |
12/7/2009 |
| Brentwood |
20 Grand Boulevard North
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Industrial |
5,715 |
2,000
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.0.52 |
$123.36 |
10/30/2009 |
| Copiague |
1179-1183 Sunrise Hwy
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Industrial Office
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19,040 |
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1.1
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$89.29 |
10/29/2009 |
Hauppauge
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45 Adams Avenue
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Industrial
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27,148
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10,640
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2
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$186.79 |
10/26/2009 |
Ronkonkoma
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845 South First Stret
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Industrial
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64,224 |
5,000 |
4.3
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$71.36 |
10/22/2009 |
Edgewood
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131 Heartland Boulevard | Industrial Office
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35,000
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10,700
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3 |
$90.00 |
10/22/2009 |
MORE |
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