Category Archives: Schacker News

THIS WEEK IN LONG ISLAND BUSINESS NEWS: SCHACKER REAL ESTATE TRANSACTION

303 Merrick Road, Lynbrook Emes Solar, a provider of solar installations for residential and commercial properties, leased 2,122 square feet of office space at 303 Merrick Road in Lynbrook. James Parnes and Michael Parnes of Schacker Realty represented the tenant, while David Sargoy of Brown Harris Stevens Commercial represented the landlord, 303 Merrick LLC, in…

THIS WEEK IN LONG ISLAND BUSINESS NEWS: SCHACKER REAL ESTATE TRANSACTION

184 Lauman Lane, Hicksville J.A.J. Stoneworks Corp., a stone fabricator and masonry contractor, leased 3,000 square feet of industrial space at 184 Lauman Lane in Hicksville. Anthony Filipelli of Schacker Realty represented the tenant, while the landlord, Cougar Management and Realty Services, was self-represented in the lease transaction.

LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR SEP 2023

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Sale Price/Sq. Ft. Sq. Ft. Sep 2019 Sep 2021 Sep 2023 4-yr Change 2-yr Change 4k-10k 197.88 205.27 253.94 28.3% 23.7% 10k-30k 172.40 187.36 238.24 38.2% 27.2% 30k-70k 152.80 162.38 224.36 46.8% 38.2% 70k-999k 150.48 202.57 218.43 45.2% 7.8% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft.…

THIS WEEK IN LONG ISLAND BUSINESS NEWS: SCHACKER REAL ESTATE TRANSACTION

Merrick Commercial Property Trades for $1.6M A commercial property in Merrick has sold for $1.6 million. BX Sunrise LLC, an affiliate of a Merrick-based commercial real estate investor, purchased the 2,704-square-foot building on .20 acres at 153 Sunrise Highway. The property is occupied by long-time tenant A-1 Transmissions & Complete Auto Repair Center. Jesse Jimenez…

Schacker Completes 158,115 Sq. Ft. Lease at 235 Pinelawn Road in Melville

Representing rapidly growing sister cosmetic companies, Absolute N.Y. Corp. and Proxima N.Y. Corp., James Parnes and Philip Shwom completed the lease after a lengthy negotiation. CBRE represented the landlord, Hartz Mountain Industries. 235 Pinelawn Road is the site of the former Newsday headquarters, which was razed in 2021 and redeveloped into a 600,000 sq. ft.…

This Week in Long Island Business News: Schacker Real Estate Transaction

49 Sealey Ave, Hempstead An autobody shop in Hempstead is expanding with the purchase of an adjacent industrial property.  Wreck Realty LLC, an affiliate of Wreck & Mend Autobody, purchased a 6,212-square-foot industrial building on .23 acres at 49 Sealey Ave. in Hempstead for $1.2 million. The company already occupies the property next door at…

LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR JUL 2023

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Sale Price/Sq. Ft. Sq. Ft. Jul 2019 Jul 2021 Jul 2023 4-yr Change 2-yr Change 4k-10k 189.22 206.91 242.72 28.3% 17.3% 10k-30k 170.64 178.93 240.08 40.7% 34.2% 30k-70k 155.88 155.46 216.50 38.9% 39.3% 70k-999k 158.23 183.65 218.43 38.0% 18.9% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft.…

THIS WEEK IN LONG ISLAND BUSINESS NEWS: SCHACKER REAL ESTATE TRANSACTION

610 Rutgers Road, West Babylon S&L Machining, a machine shop, purchased a 6,400-square-foot industrial building on .32 acres at 610 Rutgers Road in West Babylon for $1.5 million. Jeremy Hackett of Metro Realty Services represented the buyer, while Jeffrey Horn of Schacker Realty represented the seller, Eastern Fortune Inc., in the sales transaction.

THIS WEEK IN LONG ISLAND BUSINESS NEWS: SCHACKER REAL ESTATE TRANSACTION

71 Verdi St., Farmingdale Royal Backdrops, a party planning and event design business, leased 4,000 square feet of industrial space at 71 Verdi St. in Farmingdale. Anthony Filipelli of Schacker Realty represented the tenant, while Desmond Mullins of Premier Commercial Real Estate represented the landlord, Verdi Management LLC, in the lease transaction.https://libn.com/2023/06/08/inked-recent-li-real-estate-deals-254/