Category Archives: Schacker News

LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR MAY 2022

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. May 2018 May 2020 May 2022 4-yr Change 2-yr Change 4k-10k 211.58 219.12 273.12 29.1% 24.6% 10k-30k 165.10 177.20 220.27 33.4% 24.3% 30k-70k 127.25 140.09 184.08 44.7% 31.4% 70k-999k 111.55 141.87 230.24 106.4% 62.3% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. May…

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

925 Waverly Ave., Holtsville U.S. Carpet Installation, a contractor for Home Depot, leased 14,985 square feet of industrial space at 925 Waverly Ave. in Holtsville. Desmond Mullins of Industry One Realty represented the tenant, while Ralph Perna of Schacker Realty represented landlord 925 Waverly Ave. Associates LLC in the lease transaction.https://libn.com/2022/04/21/inked-recent-li-real-estate-deals-213/

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

1340-14 Lincoln Ave., Holbrook Empire Pools leased 3,060 square feet of industrial space at 1340-14 Lincoln Ave. in Holbrook. Nicole Alper of Schacker Realty represented the tenant, while Lorraine O’Hara of CAMCO Commercial Real Estate represented landlord Holbrook Corporate Center LLC in the lease transaction.https://libn.com/2022/03/31/inked-recent-li-real-estate-deals-211/?ep=1

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

202 Terminal Drive, Plainview Bird Bus Sales, a dealer and distributor of school and commercial buses, purchased a 6,900-square-foot flex building on .57 acres at 202 Terminal Drive in Plainview for $1.95 million. The company plans to use the building for corporate offices and training. Ralph Perna of Schacker Realty represented the buyer, while Kyle Burkhardt and Patrick…

All Cash Offers King In Bidding Wars

As reported in The Real Deal by Holden Walter-Warner, according to Redfin, homebuyers with money on hand are four times more likely to win. https://therealdeal.com/2022/03/15/all-cash-offers-king-in-bidding-wars/ The best way to win a bidding war in today’s market? Have cash on hand — and plenty of it. Homebuyers were four times as likely last year to win…

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

493 Johnson Ave., Bohemia Ridolfi Plumbing & Heating purchased an 1,800-square-foot industrial condo at 493 Johnson Ave. in Bohemia for $330,000. Jessica Misnik and Jeffrey Horn of Schacker Realty represented the buyer, as well as the seller, 493-6 Johnson Ave. Inc., in the sales transaction.https://libn.com/2022/01/31/inked-recent-li-real-estate-deals-204/

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

Queens Firm Closes on $6.2M Farmingdale Industrial Acquisitionhttps://libn.com/2021/12/23/queens-firm-closes-on-6-2m-farmingdale-industrial-acquisition/ A Queens-based manufacturer has closed on its purchase of an industrial property in Farmingdale for $6.2 million.  National Compressor Exchange, headquartered in Ridgewood, bought a 31,873-square-foot industrial building on 1.49 acres at 5 Dubon Court.  The company, which makes a wide variety of compressors, parts and related products used in HVAC systems and other applications, received economic…

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

Brentwood Industrial Property Trades for $3.885Mhttps://libn.com/2021/12/28/brentwood-industrial-property-trades-for-3-885m/ An industrial property in Brentwood has sold for $3.885 million.  Corner Electronics, a distributor of electronics and small appliances, purchased the 38,000-square-foot industrial building on 1.36 acres at 100 Emjay Blvd.   Established in 1985, Corner Electronics services various channels of distribution including brick-and-mortar retailers, chain stores, direct-to-customer mail order companies, military and government sales and fulfillment for e-commerce clients.  Jeffrey…

James Parnes of Schacker Realty wins CIBS Rising Star Award

Schacker Realty is proud to announce that James Parnes was recently honored with the prestigious Rising Star Award by the Commercial-Industrial Brokers Society of Long Island (CIBS) at their 2021 annual awards dinner.  Since joining Schacker Realty in 2015, Parnes has completed over 70 transactions totaling over 450,000 sq. ft., representing buyers, sellers, tenants, and…