June 2020 Vol.12 Issue 9
 
Dear Friends,

We are all saddened and frustrated by the tragic death of George Floyd, and for the others before him. The past month has reflected the frustration felt by so many. With deep sorrow and anger, as we are witness to the systemic racism in our nation, this serves as yet another painful reminder that racism has no place in our society.  

What can we do about it? Every major faith tradition teaches our obligation to care for one another, especially the poor and downtrodden. From a spiritual point of view, the answer is simple. We are all one, and our separateness is an illusion. Divisive politics are in direct opposition to this core spiritual wisdom. "Us" versus "them" is injurious to everyone. Let's always look to heal, and work cooperatively to fair and equitable solutions in whatever space we stand. 

This month's article is about the asking prices on real estate, and why it is generally not a good idea to use price as a criterion for rejecting property sight unseen. I'll explain why a broker is actually doing his or her job in showing you properties that, on first blush, don't seem to match your budget. 

Stay safe, my friends. 

"Oh, the possibilities!"
 
David G. Hunt
Forget the Price
               by David G. Hunt
businessman_lightbulb.jpg
    
Q: We are just starting to look for new office space. Why does our broker insist on showing us space that is out of our budget?
   
A:  Unless your broker is offering you space wildly out of budget, he is absolutely correct to be ignoring the asking price in showing you current office alternatives. Here are the five reasons that this is the right strategy and why...  

Click here for full article
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Property Highlight 

4.75 Acres Undeveloped Land
FOR SALE
 
Horseblock Road, Medford ,  NY

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Companies on the Move
    
Interstate Mechanical has purchased 355 Sills Road, Yaphank.
ChemRX has leased space at 51 Charles Lindbergh Boulevard, Uniondale.
Teri Nicols Institutional Food Merchants has purchased 250 Wireless Blvd, Hauppauge.
Pharmapacks has leased at 80 Wilshire Boulevard, Edgewood.
Sight Growth has leased at 220 Maple Avenue, Rockville Centre.
Eagle Home Products has leased at 255 Pinelawn Road, Melville.
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Comparable Sales in the Past 12 Months

City  Address               Property Type  Size SF   Office SF Acres Total  Sold Price/SF  Sold Date 
Yaphank

 355 Sills Road Industrial 58,710

 7,627 5.85 $76.65 6/1/2020
Port Jefferson
 10 Roosevelt Avenue Office 3,680 .46 $298.91 5/5/2020
Westbury
 240 Lincoln Place Office 3,000 .11 $221.67 4/20/2020
Rockville Centre 220 Maple Avenue Office 16,577 .80 $96.52 4/17/2020
Garden City Park 96 Lakeville Road Industrial 5,728 .13 $200.77 4/9/2020
Mineola 100 Herricks Road Office 15,926 .84 $238.60 3/30/2020


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