LONG ISLAND INDUSTRIAL, WAREHOUSE, AND MANUFACTURING PROPERTY MARKET TRENDS FOR SEP 2021

Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Price/Sq. Ft. Sq. Ft. Sep 2017 Sep 2019 Sep 2021 4-yr Change 2-yr Change 4k-10k 204.12 227.24 231.94 13.6% 2.1% 10k-30k 148.61 173.21 201.05 35.3% 16.1% 30k-70k 120.65 132.45 156.40 29.6% 18.1% 70k-999k 111.34 135.02 178.43 60.3% 32.2% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft. Sep…

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…

Ralph Perna Joins Schacker Realty

Ralph Perna, one of Long Island’s most prolific commercial real estate brokers, has joined Schacker Realty in Melville.  Perna, a three-time winner of Industrial Broker of the Year in LIBN’s Real Estate Awards, comes to Schacker from Newmark, where he spent 19 years as executive managing director.  Starting his real estate career at D’Angelo Forest in 1975, Perna founded Richland Park Associates in…

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

215 Candlewood Rd, Bay Shorehttps://libn.com/2021/06/08/bay-shore-industrial-property-sells-for-6-825m/ A Bay Shore industrial property has sold for $6.825 million. Nationwide Sales & Service, a distributor of vacuums and other janitorial supplies, purchased the 53,530-square-foot building on 2.56 acres at 215 Candlewood Road. The company is relocating from Farmingdale. The former owner of the Bay Shore building was United Starter Associates, a re-manufacturer of auto parts,…

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

3381 Lawson Blvd., Oceanside Water Tech, a plumbing supply firm, purchased a 12,282-square-foot industrial building at 3381 Lawson Blvd. in Oceanside for $2.3 million. Matthew Balzano of Schacker Realty represented the buyer, while Philip Shwom and James Parnes of Schacker Realty represented seller RTF Realty Holdings in the sales transaction.https://libn.com/2021/05/26/inked-recent-li-real-estate-deals-187/ 689 Main St., Westbury Gibson…

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

121-125 Nancy St., West BabylonYonida International Trading Corp., an importer and exporter of electronics and photographic equipment, purchased a 16,500-square-foot industrial building on .85 acres at 121-125 Nancy St. in West Babylon for $1.895 million. Jeffrey Horn of Schacker Realty represented the buyer, as well as the seller, Maddy Associates, in the sales transaction.https://libn.com/2021/03/31/inked-recent-li-real-estate-deals-182/ 145…