May 2014 Vol. 5 Issue 10
 
Dear Friends,

Gratitude is a big part of my spiritual practice. I am grateful for many things, and very high on my list is being born in this country! For all the injustices and problems that we need to address, our country is still one of the very best places to live. And for that reason, Memorial Day is a time for reflection on just how expensive our freedom has been. I am so thankful to all those who have served our country, now and in the past, and have made our present day life possible. Let's take the time on Memorial Day for some quiet reflection and a prayer for those who have sacrificed so much.

A big welcome to Andrea Sokoloff who has joined the Hunt Team. She has rolled up her sleeves and very quickly become indispensible! So, please say hello to Andrea when you call. And speaking of calling, we are slowly recovering from the chaos of a completely new phone system. Many apologies as we work our way through the learning curve!

This is a great time of year to spruce up the outside of your commercial property to deliver a great first impression, whether it be seal-coating parking lots, mulching beds, or replacing dead plant stock. If your property is a little tired, give us a call and we'll take a look, make recommendations, and if desired give you a quote to remediate. It never hurts to get another bid!

Blessings to you and yours for the Memorial Day remembrance.

"Oh the possibilities!"

 

David G. Hunt

 

Industrial Office Conversions               by David G. Hunt
Q: We are looking for a small office building to buy for our professional practice.  Our broker is suggesting that we buy an industrial building and convert it to an office building.  Is this practical?

A: As property values have risen on Long Island, particularly in Nassau County, the highest and best use of properties has often changed.  So a well-placed industrial building may indeed be a candidate for conversion.  And it may also be a pitfall for the unwary!  So let's take a look at some of the factors involved in a conversion and how practical it may be.

A well-placed 

industrial building 

may indeed be a 

candidate for conversion.  

And it may also be a pitfall 

for the unwary!

 

One of the first concerns that I have is parking.  Many older industrial buildings were legally built with a parking ratio of "two to one."  This means that there were two parking spaces allocated for every 1,000 square feet of building area.  This would be woefully inadequate for any sort of office use, and would not meet any modern building code for office use.   An office building is often required to have a parking ratio of five to one, and sometimes ... Click here for full article

Welcome new addition...  
Help us welcome Andrea Sokoloff to Hunt. Andrea was hired as an Administrator and is a wonderful addition to the team.  

Hunt Construction Services Inc...

It's time to spruce up
the exterior of your commercial real estate!
  
 
 
Does your 
parking lot need seal-coating?
 
  
  
 
 
Do your garden beds need mulching or plant stock trimmed or replaced?
 
  
   
 
 
We can help! 
   
      Call us for a 
free-consultation.
                    516-937-1000
 
It never hurts to get another bid. 
   

Industrial Building Conversions

Building Conversion Part 7 Split Block and Curbs installation
Building Conversion Part 7 Split Block and Curbs installation

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Companies on the Move
What's New at Hunt

Hunt Named Exclusive Agent for the Sale of 150 Marine Street, Farmingdale, NY 

 

"Successfully Find a Buyer or Tenant For Your Commercial Real Estate" Conference 

 

Hunt Awarded Contract by All-System Aerospace International Inc. 

 

Vision Risk Services Purchases Office Space in Commack, NY

 

Proficient Surgical Leases Flex Space in Port Washington, NY 

 

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..... (MORE)

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17 Dupont Street, Suite 4 
Plainview, NY 11803
516-937-1000

 

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COMPARABLE SALES IN THE LAST 12 MONTHS

City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF   Sold Date  
West Hempstead221 Hempstead TurnpikeOffice Investment10,400
.09$110.58
5/12/2014
Hempstead619 Fulton AvenueOffice Investment22,000
.42$59.09
5/2/2014
Roosevelt
157 Babylon Turnpike
Industrial 
5,238 

.24
$84.38
4/16/2014
Freeport
112 Albany Avenue
Industrial
4,7001,880.20$79.79
4/11/2014
Lindenhurst155 Bangor StreetIndustrial
8,100
.21$55.56
3/27/2014
Farmingdale151-155 Toledo StreetIndustrial9,600
.55$103.13
3/17/2014
For more Recent Sales, click here

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