Category Archives: Schacker News

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

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Feb 2019 Feb 2021 Feb 2023 4-yr Change 2-yr Change 4k-10k 215.79 226.63 301.60 39.8% 33.1% 10k-30k 164.90 175.31 254.60 54.4% 45.2% 30k-70k 131.15 145.19 185.53 41.5% 27.8% 70k-999k 146.97 156.92 189.71 29.1% 20.9% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Feb…

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

Distributor Expands with Huntington Leasehttps://libn.com/2023/02/01/distributor-expands-with-huntington-lease/ Metro Commodities, a re-packer and distributor of dry edible beans and grains, is expanding.  The company leased 56,972 square feet of industrial space at 1 Arnold Drive in Huntington.  Metro Commodities has been operating out of another location on South Broadway in Hicksville but will be relocating to the larger Huntington…

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

100 Broadhollow Road, Farmingdale South Shore Association for Independent Living leased 2,178 square feet of office space at 100 Broadhollow Road in Farmingdale. Anthony Filipelli and James Parnes of Schacker Realty represented the tenant, while landlord Fairfield Properties was self-represented in the lease transaction.https://libn.com/2023/01/19/inked-recent-li-real-estate-deals-239/

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

Central Islip Industrial Property Sells for $3.59Mhttps://libn.com/2023/01/11/central-islip-industrial-property-sells-for-3-59m/ An industrial property in Central Islip has traded for $3.59 million. Nakaland Creative Holdings LLC, an affiliate of IT firm Naka Technologies, purchased the 12,989-square-foot industrial building on 1.74 acres at 201 Creative Drive. Naka Technologies is an IT solutions provider specializing in assessments, cybersecurity, managed services, strategic…

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

100 Broadhollow Road, Farmingdale South Shore Association for Independent Living leased 2,178 square feet of office space at 100 Broadhollow Road in Farmingdale. Anthony Filipelli and James Parnes of Schacker Realty represented the tenant, while landlord Fairfield Properties was self-represented in the lease transaction.https://libn.com/2022/12/15/inked-recent-li-real-estate-deals-237/

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

As reported by David Winzelberg of the Long Island Business NewsWestbury Industrial Property Trades for $4.2M An industrial property in Westbury has sold for $4.2 million. Island Office Interior, a supplier of office furniture, purchased the 15,595-square-foot industrial building on .69 acres at 51 Rushmore St. The building has 5,000 square feet of office/showroom space…

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

As reported by David Winzelberg of the Long Island Business Newshttps://libn.com/2022/11/10/two-ronkonkoma-industrial-properties-trade-for-28-3m/ Two Ronkonkoma Industrial Properties Trade for $28.3M Two industrial properties in Ronkonkoma have sold for $28.3 million. Metropolitan Realty Associates, in partnership with Angelo, Gordon & Co., purchased the 102,000-square-foot building on 8.7 acres at 195 13th Ave. and the 33,000-square-foot building on 1.75…

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

Westbury Industrial Property Trades for $2.9M(As reported by David Winzelberg, The Long Island Business News, 10/11/22) An industrial property in Westbury has sold for $2.9 million. Sporn Family 2021 Trust, an affiliate of Westbury Jeep Chrysler Dodge Inc., purchased the 11,000-square-foot industrial building on .51 acres at 67 Bond St. The dealership, which has its…

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

627 W. Merrick Road, Valley Stream The Luxe Library Co. leased 1,150 square feet of office space at 627 W. Merrick Road in Valley Stream. James Parnes of Schacker Realty represented the tenant, as well as the landlord, Twin Assets, LLC, in the lease transaction.https://libn.com/2022/09/23/inked-recent-li-real-estate-deals-227/