February 2015 Vol. 6 Issue 7

Dear Friends,

Do you have equity locked up in your commercial real estate? The rapidly rising commercial real estate market is making this more of a relevant question these days! Our article this month is entitled, "Cashing in Your Chips", and details the different ways that equity can be extracted from your property. A sale-leaseback is one method, and we are once again seeing that market grow on Long Island.

The date has been set. You are cordially invited to attend our Spring Conference, "Should You Lease or Buy Your Commercial Real Estate" at 8 AM on Wednesday, April 29th. Attorney Steve Cohen of Franklin, Gringer, and Cohen and I will conduct a seminar on how to make this decision for your business. See the announcement in this newsletter and be sure to reserve your place online. All of our seminars are free, and we keep you nourished with a continental breakfast before we start. We will be finished by 10:30 AM. So spend two and one-half hours with us and we will give you some real decision-making tools.

"Oh the possibilities!"

David G. Hunt

Cashing in Your Chips

by David G. Hunt

Q: We have owned a 50,000 square foot warehouse building that houses our distribution business for many years. What is the best way to unlock the equity in the building in this real estate market?

A: Your problem is a common one. I assume that the building is at least close to being fully depreciated. Your building may be worth more than $100 a square foot, or $5,000,000 today, but has been depreciated down to close to the land value many years ago! How do you "cash in your chips" and tap the true value of the real estate?

There are three major methods... Click here for full article

Project Summary

Click here for more information

and to register.

Property Highlight

20,985 SF Available For Lease

55 West Ames Court,

Plainview, New York

Companies on the Move

Mass Mutual is moving to 900 Stewart Avenue, Garden City... Stark Carpet Corporation has leased at 170 Michael Drive, Syosset... Vicon Industries Inc. is moving to 135 Fell Court, Hauppauge... GymGuyz Fitness is moving to Dupont Street, Plainview... Gianni's Toy Storage, Inc. has leased at 480 Smith Street, Farmingdale...Customers Bank is moving to 324 South Service Road, Melville... Projector Lamp Services is moving to 120 Wilbur Place, Bohemia... Eastern Baseball League has leased at 419 Osborn Avenue, Riverhead...

What's New at Hunt

Law Offices of John Coco, PLLC Leases Office Space in Woodbury, NY

Melville Office Building Face Lift by Hunt Construction

New Headquarters for All-System International Renovated by Hunt Construction

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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Our Corporate Headquarters

17 Dupont Street, Suite 4

Plainview, NY 11803

516-937-1000

www.huntcorp.com

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COMPARABLE SALES IN THE LAST 12 MONTHS

City	Address	Property Type	Size SF	Office SF	Acres Total	Sold Price/SF	Sold Date
Farmingdale	425 Smith Street	Office	68,282		3.76	$87.87	1/17/2015
Huntington Station	332 East Jericho Turnpike	Office/Investment	8,000		.24	$150.00	1/15/2015
Hicksville	335 New South Road	Industrial	46,946		2.17	$63.90	1/6/2015
Roslyn Heights	99 Powerhouse Road	Office/Investment	47,222		.79	$147.18	12/30/2014
Hauppauge	350 Wireless Boulevard	Office	118,042	40,000	8.2	$106.74	12/23/2014
Hauppauge	555 Wireless Boulevard	Office	69,863		4.95	$114.51	12/22/2014

For more Recent Sales, click here

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