Long Island Industrial, Warehouse, and Manufacturing Property Market Trends For Dec 2022

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Dec 2018 Dec 2020 Dec 2022 4-yr Change 2-yr Change 4k-10k 214.76 224.53 300.47 39.9% 33.8% 10k-30k 165.92 172.59 248.46 49.7% 44.0% 30k-70k 129.08 143.95 187.75 45.5% 30.4% 70k-999k 128.71 145.60 186.39 44.8% 28.0% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Dec…

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/

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

180 Heartland Blvd., Edgewood FIVF-III-NY1 LLC, a Manhattan-based real estate investment fund, purchased a 24,000-square-foot industrial building on 2 acres at 180 Heartland Blvd. in Edgewood for $4.95 million. The property is fully leased to Biochemical Diagnostics. Philip Shwom of Schacker Realty represented the buyer, as well as the seller, BCDI Realty Company, in the…

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

As reported by The Long Island Business News, a vacant parcel of industrial-zoned land in Calverton has sold for $3.2 million. Hildreth Real Estate purchased the 10 acres of land at 1001 Scott. Ave. The buyer plans to develop an industrial warehouse and manufacturing facility to be leased by multiple tenants. The property, on the…

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

Edgewood Industrial Property sells for $4.95M An industrial property in Edgewood has sold for $4.95 million. FIVF-III-NY1 LLC, a Manhattan-based real estate investment fund, purchased the 24,000-square-foot industrial building on 2 acres at 180 Heartland Blvd. The property is fully leased to Biochemical Diagnostics. The company manufactures and markets controls and disposable sample preparation products…

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

740 Koehler Ave., Ronkonkoma NJR Distributor, a distributor of energy drinks, leased 3,800 square feet of industrial space at 740 Koehler Ave. in Ronkonkoma. Michael Parnes of Schacker Realty represented the tenant, while landlord J&L Property Investors was self-represented in the lease transaction.https://libn.com/2022/07/28/inked-recent-li-real-estate-deals-220/