Men on the Move Moving & Self-Storage will receive a significant tax break from Nassau County, N.Y., officials thanks to an expansion project that will double the size of the company’s Floral Park, N.Y., storage facility. The storage business plans to add a second story to its building near the Meadowbrook State Parkway, doubling its current capacity of 50,000 square feet, according to the source.
The project is expected to cost $10.4 million and create three jobs, according to records. In return, the Nassau Industrial Development Agency offered a $100,000 sales-tax exemption and $61,635 off the mortgage-recording tax. As part of the deal, the property tax will be frozen for five years, followed by incremental increases of 1.66 percent for the next five years, and then increases of 2 percent for another five years.
The county has structured similar tax breaks for other self-storage operators in Hicksville and Elmont, N.Y., and Men on the Move previously received a tax deal for a facility it built in Glen Cove, N.Y., according to the source.
In addition to its Floral Park location, Men on the Move currently operates a second self-storage facility in Huntington Station, N.Y. The company has offered moving services on Long Island for more than 20 years.
Sources:
- Men on the Move: Website
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