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

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Jan 2018 Jan 2020 Jan 2022 4-yr Change 2-yr Change 4k-10k 209.88 221.78 254.26 21.1% 14.6% 10k-30k 158.15 169.96 212.24 34.2% 24.9% 30k-70k 122.84 142.86 167.38 36.3% 17.2% 70k-999k 116.78 141.17 211.21 80.9% 49.6% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Jan…

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…

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

Bohemia Industrial Property Fetches $4.325Mhttps://libn.com/2021/10/25/bohemia-industrial-property-fetches-4-325m/ An industrial property in Bohemia has sold for $4.325 million.  FDA Properties LLC, an entity registered to a Deer Park-based distributor of medical and dental supplies, purchased the 30,000-square-foot building on 1.98 acres.   The company plans to relocate its operations to the Bohemia property, which is currently vacant. The building was formerly occupied by the…

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

23 Roselle St., Mineola I2R CNC LLC, which specializes in computerized numerical control machines, leased a 9,680-square-foot industrial building at 23 Roselle St. in Mineola. James Parnes and Gary Friedman of Schacker Realty represented the tenant, as well as the landlord, Windsor Investors LLC, in the lease transaction.https://libn.com/2021/10/19/inked-recent-li-real-estate-deals-196/ 125 State St., Westbury Forever Iron Doors…

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

188 Atlantic Ave., Garden City Mendez Instant Printing, a company that specializes in printing custom T-shirts, leased 9,100 square feet of industrial space at 188 Atlantic Ave. in Garden City. Gary Friedman of Schacker Realty represented the tenant, as well as the landlord, Third Street LLC, in the lease transaction.https://libn.com/2021/10/07/inked-recent-li-real-estate-deals-195/ 35 Wilbur St., Lynbrook Biocair,…

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

1035 Old Country Road, Westbury Nahas Rug Company purchased a 4,849-square-foot office building on .18 acres at 1035 Old Country Road in Westbury for $1.55 million. Eric Kalichstein and M. Wazihullah of Commercial Realty Nation represented the buyer, while Jeffrey Horn of Schacker Realty represented seller JDB Group in the sales transaction.https://libn.com/2021/08/03/inked-recent-li-real-estate-deals-192/ 42 Nancy St.,…

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

500 Ocean Ave., East Rockaway AHC Appliances subleased 2,600 square feet of industrial space at 500 Ocean Ave. in East Rockaway. James Parnes of Schacker Realty represented the subtenant, as well as the main tenant, Hendel Food Management, in the sublease transaction.https://libn.com/2021/07/06/inked-recent-li-real-estate-deals-191/ 122 Dupont St., Plainview Active Distributors Inc., a distributor of merchandise sold in…