Presented by Schacker Realty 631-293-3700www.schackerrealty.com Average Listing Sale Price/Sq. Ft. Sq. Ft. Jul 2019 Jul 2021 Jul 2023 4-yr Change 2-yr Change 4k-10k 189.22 206.91 242.72 28.3% 17.3% 10k-30k 170.64 178.93 240.08 40.7% 34.2% 30k-70k 155.88 155.46 216.50 38.9% 39.3% 70k-999k 158.23 183.65 218.43 38.0% 18.9% Average Listing Rent/Sq. Ft. (Including RE Taxes) Sq. Ft.…

610 Rutgers Road, West Babylon S&L Machining, a machine shop, purchased a 6,400-square-foot industrial building on .32 acres at 610 Rutgers Road in West Babylon for $1.5 million. Jeremy Hackett of Metro Realty Services represented the buyer, while Jeffrey Horn of Schacker Realty represented the seller, Eastern Fortune Inc., in the sales transaction.

71 Verdi St., Farmingdale Royal Backdrops, a party planning and event design business, leased 4,000 square feet of industrial space at 71 Verdi St. in Farmingdale. Anthony Filipelli of Schacker Realty represented the tenant, while Desmond Mullins of Premier Commercial Real Estate represented the landlord, Verdi Management LLC, in the lease transaction.https://libn.com/2023/06/08/inked-recent-li-real-estate-deals-254/

2100 Middle Country Road, Centereach The Lash and Beauty Studio leased 1,750 square feet of office space at 2100 Middle Country Road in Centereach. James Parnes and Anthony Filipelli of Schacker Realty represented the tenant, as well as the landlord, 2300 MCR Partners LLC, in the lease transaction. 480 Rutgers Road, West Babylon No Stress…

Philip Shwom, SIOR, CCIM, President of Schacker Realty, has been named as the Top Leasing Industrial Deal winner in the Ronkonkoma/Bohemia sub-market of Long Island for leasing 57,590 sq. ft. at 1401 Lakeland Avenue in Ronkonkoma. James Parnes, Licensed Real Estate Salesperson, at Schacker Realty, has also been named as the Top Leasing Industrial Deal…

41 Grand Blvd., Brentwood Power IT USA, a firm that installs and monitors IT equipment, leased 4,000 square feet of industrial space at 41 Grand Blvd. in Brentwood. Anthony Filipelli and Jeffrey Horn of Schacker Realty represented the tenant, while landlord Brent Mako Real Estate Group was self-represented in the lease transaction.

As reported in TBR Newsmedia by Daniel Febrizio, April 23, 2023 There have been rumblings recently regarding the state of the commercial real estate market. With the onset of the COVID-19 pandemic, people were forced to leave the workplace and instead work virtually, if possible. Though going back to the office full-time is now an…

LIBN’s Book of Business Influencers is the result of another year’s commitment to tracking Long Island professionals who stood out as prominent industry leaders in 2023. Serving as a resource to find the top experts across the region’s vital sectors, we’re proud to know LIBN readers continue to rely on these lists to help inform…

Farmingdale industrial property trades for $4.2M An industrial property in Farmingdale has sold for $4.2 million.  Upper Restoration Inc., a restoration and cleaning company, purchased the two-story, 22,000-square-foot building on 1.75 acres at 222 Central Ave.   The building, formerly occupied by Kinemotive Corporation, includes about 6,200 square feet of office space. Upper Restoration, currently based in…

Gary E. Friedman is executive vice president and partner at Schacker Realty in Melville. A licensed real estate broker and instructor, Friedman has completed more than 160 industrial, office, laboratory and redevelopment transactions with diverse companies such as Frito Lay, LSC Development and Polygen Pharmaceuticals. Friedman is also an adjunct assistant professor at Hofstra, where…