LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR AUG 2020

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Aug 2016 Aug 2018 Aug 2020 4-yr Change 2-yr Change 4k-10k 172.17 201.35 228.23 32.6% 13.3% 10k-30k 132.39 162.30 175.07 32.2% 7.9% 30k-70k 95.47 133.35 139.94 46.6% 4.9% 70k-999k 113.53 109.58 140.25 23.5% 28.0% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Aug…

SCHACKER REALTY ACQUIRES NEW EXCLUSIVE FOR LEASE IN BELLMORE

Schacker Realty is pleased to announce that they’ve been hired as the exclusive agents for the lease of an 11,200 sq. ft. freestanding industrial/retail building located at 2374 Merrick Rd in Bellmore. Situated on a corner lot, the property offers a high ceiling, column-free warehouse plus designated office space, ample on-site parking, 5 drive-ins, yard…

Iconic Developer, Jerry Wolkff, Passes Away

Long Island has lost a legendary developer and a rare human being. Wolkoff was a larger than life figure with a tremendous work ethic and exceptional vision. He had outstanding business savvy and rare people skills. He was tough, demanding, and fierce, yet was universally admired and respected by his tenants, brokers, contractors, and municipal…

SCHACKER REALTY HIRED TO MARKET 1 RODEO DR., EDGEWOOD

Schacker Realty is now marketing a freestanding 24,000 sq. ft. one-of-a-kind Industrial/office/R&D building situated on an expandable 4 acre lot. The building is divided evenly between office and fully air-conditioned industrial/engineering space. The offices have significantly upgraded finishes. The site has 100+ parking spaces and excellent loading, and a custom HQ curb appeal. Contact Licensed…

SCHACKER REALTY ACQUIRES NEW LEASE LISTING IN WESTBURY

Schacker Realty is happy to announce the acquisition of a new sublease listing for an 8,007 sq. ft. office/industrial space, part of a 21,058 sq. ft. building, located at 800 Shames Drive in Westbury. The fully air-conditioned property offers 2/3 nice office/showroom and 1/3 convenient attached warehouse space with 25 designated parking spaces and one…

LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR JUL 2020

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Jul 2016 Jul 2018 Jul 2020 4-yr Change 2-yr Change 4k-10k 167.25 205.22 217.10 29.8% 5.8% 10k-30k 133.00 166.19 175.80 32.2% 5.8% 30k-70k 95.94 132.24 139.76 45.7% 5.7% 70k-999k 113.06 106.60 140.50 24.3% 31.8% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Jul…

SCHACKER REALTY ACQUIRES NEW INDUSTRIAL EXCLUSIVE LISTING IN WESTBURY

Schacker Realty is pleased to announce the acquisition of a new sale listing for a 10,450 sq. ft. industrial building at 689 Main Street in Westbury. The property is in excellent condition, with fully air-conditioned office and warehouse space. There are three drive-ins, which offer loading on three different streets, and parking / yard space…

Long Island Industrial, Warehouse, and Manufacturing Property Market Trends for Jun 2020

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Jun 2016 Jun 2018 Jun 2020 4-yr Change 2-yr Change 4k-10k 162.97 209.65 217.20 33.3% 3.6% 10k-30k 132.78 166.21 176.52 32.9% 6.2% 30k-70k 94.02 130.97 138.18 47.0% 5.5% 70k-999k 112.41 107.71 139.80 24.4% 29.8% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Jun…

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

183 Mineola Blvd., Mineola Bowen Media, which specializes in web design and digital marketing, purchased a 6,336-square-foot building on .12 acres at 183 Mineola Blvd. in Mineola for $1.52 million. The company is relocating from Garden City Park. Jeffrey Horn of Schacker Realty represented the buyer Bowen Realty, as well as the seller, IMGC LLC,…