February 2016  Vol. 7 Issue 8
Dear Friends,

This is the time of year for me when winter is getting very tiresome!   Ahhh, but only a month until Spring! If you are one of my skiing friends, I wish you snow, but in the mountains, please. 

Spring also marks the time for the annual Long Island Commercial Real Estate Expo, scheduled for March 16th at the Melville Hilton. Not only will we be exhibiting as usual, but this year I will be one of the featured speakers for the Kickoff Breakfast. Joining me will be several very good friends and Long Island real estate notables, Anthony Manetta of Standard Advisors Group, Dan Deegan of Forchelli Law, and Roz Goldmacher of the Long Island Development Corporation. Please mark your calendars and join us!

If you own a business, I know that you are always looking for a way to cut occupancy costs. Energy savings is a great place to start, and I discuss that in this month's article. Rebates and cost savings can be substantial, so if you have not addressed this in your company, this article is for you!   

"Oh the possibilities!"

David G. Hunt
How to Slash Your Occupancy Costs
by David G. Hunt
Q: Our rent is high. Our real estate taxes are high. Is there some government program out there to help us cut our costs?

There are certainly programs available for growing or moving business, including low cost IDA financing, SBA financing, and real estate tax incentives. All of these programs are concerned with the number of jobs that you are creating, so if you are not expanding or creating more jobs, they are largely unavailable.

However, there is one immediate avenue to slashing occupancy costs that is available to many businesses. I am talking about the revolution in energy efficiency. The savings today can be as much as 50% to 70% of what you are paying today. And I have seen payback periods in as little as 18 months with projects such as a properly designed lighting plan. Depending on your energy usage, your savings can be moderate to substantial, but either way, they will make a direct impact on reducing your occupancy costs.

Solar applications, 
both electric and thermal, 
are more efficient 
than ever.

At Hunt Construction Services, Inc., our consultants conduct a total energy assessment of our client's premises and then prepare a comprehensive usage, savings and cost analysis. This covers four major areas; Efficient lighting, energy efficient heating, ventilation and air-conditioning, building insulation, and an evaluation of solar capability. After the analysis, we supply and install the required energy efficient upgrades to the building envelope and then design, supply and install a renewable energy system.

Let's take a closer look...Read more!

Property Highlight

   

1097 Old Country Road

Plainview, NY

  

 

1,440 Square Foot Condominium

Medical Office on the 1st Floor 

    

FOR SALE

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Companies on the Move
Bactolac Pharmaceuticals purchased 333 Oser Avenue, Hauppauge... Costella & Gordon is moving to 1225 Franklin Avenue, Garden City... Rubin & Rothman is moving to Windsor Place, Central Islip... Northrock Industrial is moving to 31 Crossways East, Bohemia... National Packaging is moving to 230 Duffy Avenue, Hicksville... Datascan Pharmacy is moving to 1602 Lakeland Ave, Bohemia... US Non-Woven Corp leased at 39 Drexel Drive, Bay Shore...
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..... (MORE)

Quick Links
17 Dupont St
Our Corporate Headquarters
 
17 Dupont Street, Suite 4 
Plainview, NY 11803
516-937-1000

 

www.huntcorp.com








COMPARABLE SALES IN THE LAST 12 MONTHS

City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF  Sold Date 
Yapank31 Old Dock RoadIndustrial11,871
1.02$134.78
1/29/2016
Ronkonkoma
171 Remington BoulevardIndustrial20,0003,0001.3$97.5012/18/2015
Hauppauge
380 Rabro Drive
Industrial
20,000

10,000
1.41
$125.00
12/11/2015
Lynbrook
163 Denton Avenue
Industrial15,733
.88
$158.90
12/11/2015

Bohemia
1602 Lakeland Avenue
Industrial8,000
.75$150.0012/9/2015
Bohemia
1605 Sycamore AvenueIndustrial18,000
1.18$60.00
12/8/2015
For more Recent Sales, click here
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Hunt Corporate Services, Inc. | 17 Dupont Street, Suite 4 | Plainview | NY | 11803