July 2016 Vol. 7 Issue 12
Dear Friends,
My "other" career is Vice President of Properties and Risk Management for Suffolk County Council, Boy Scouts of America. It is a volunteer position. Why am I so engaged? The Boy Scouts completely and profoundly changed my life as an adolescent, and I would like to see their programs do the same for today's youngsters (both boys and girls). Suffolk County Council serves over 12,000 youth with over 2,000 adult volunteers and a small paid staff.



Not many people know this, but each Council is completely self-sufficient, and receives absolutely no funding from the Boy Scouts of America. Every year we are starting from scratch to raise our operating budget. This puts me in a squeeze trying to maintain and improve our Scout camp in Baiting Hollow, and that is the reason that I am reaching out for help. We are delighted, of course, to accept monetary donations. Click here for a link. But we can also use donations of construction materials, labor from contractors, and other gifts-in-kind (items that would normally be part of our budget).



If you have a son or daughter in Scouting, you KNOW the value of the program! We have ambitious plans for Baiting Hollow Scout Camp this year that include two new cabins. Can you help out with volunteer time, or a donation of equipment, materials or labor? I would love to hear from you, and have you as part of our Scouting team. All donations are tax deductible.



In this month's issue I answer the most often asked question in commercial real estate, "What is the difference between a net lease, gross lease, and a full-service lease?" Even after all my explanations, the important lesson to be learned is that you must always confirm the expenses included or excluded from your rent payment. Do not rely on these terms alone to make your decisions.



"Oh the possibilities!"
  
David G. Hunt 
Net, Gross and Full-Service Leases
                                          By: David G. Hunt
  
Q: Looking on the internet, I see that rental prices have different labels. What are the differences between a net lease, a gross lease, and a full-service lease? 




WHAT'S NEW AT HUNT
  
  
50 Stewart Ave
Huntington, NY
   - RETAIL SPACE FOR LEASE -   
Also Suitable for Office or R&D 
COMPANIES ON THE MOVE

  
Federation of Orgs. for NYS Mentally Disabled is moving to 1375 Akron Street, Copiague...
Innovative Glass leased space at 120 Commercial Street, Plainview...
Keystone Electronics purchased 2040 Jericho Turnpike, New Hyde Park...
Acutis Diagnostics is moving to 728 Larkfield Road, East Northport...
Ri Wang Food Group is moving to 30 Inez Drive, Bayshore...

COMPARABLE SALES IN THE LAST 12 MONTHS


City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF  Sold Date 
Hempstead86 Front StreetOffice

4,720

.11$110.00
6/28/2016
Jericho

2 Jericho PlazaOffice R&D320,000



27.91$436.706/14/2016
Manhasset100 Plandome RoadOffice2,173





$319.77
6/9/2016
Garden City

390 Old Country Road
Office5,900



$305.08
6/6/2016



Farmingdale



115 Schmitt BoulevardIndustrial46,0004,6001.5$68.486/1/2016
Babylon
51 Cabot StreetIndustrial
8,100


.50$41.49



6/1/2016
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Hunt Corporate Services, Inc. | 17 Dupont Street, Suite 4 | Plainview | NY | 11803