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Protravel International Leases 8000 Sq Ft In Westbury With Ralph Benzakein Of Cresa Rep

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LEASED

New York

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8,000 SF
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LEASED

Protravel International Leases 8000 Sq Ft In Westbury With Ralph Benzakein Of Cresa Rep

1400 Old Country Rd, Westbury, NY, 1...

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8,000 SF
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Summary

NEW YORK
Price Per Square Foot:$0
Total Square Footage:8,000 SF
Transaction Type:Lease

The property involved in the transaction is located at 1400 Old Country Rd, Westbury, NY, consisting of 8,000 square feet. Protravel International signed a long-term lease for the space, as part of their relocation from 6801 Jericho Turnpike in Syosset. Additionally, Protravel recently renewed a lease for 4,000 square feet at 999 Central Ave. in Woodmere.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not available
  • Tenant: Protravel International
  • Tenant's Rep: Ralph Benzakein (Cresa)
  • Landlord: Valley East Management LLC
  • Square Feet: 8000
  • Market: Westbury

Ralph Benzakein of Cresa Long Island represented Protravel International in the lease transaction for the Westbury property and the Woodmere lease renewal. Adam Rochlin and Joe Kondracke of The Rochlin Organization served as the representatives for the landlord, Valley East Management, in the Westbury lease. Meanwhile, Richard Cohn of Black Diamond Realty represented the landlord, Central Avenue Associates, in the Woodmere lease renewal.

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Details

LEASED
IMAGE: 1400 Old Country Rd, Westbury, NY, 1... MARKET: Westbury TENANT'S REP: Ralph Benzakein(Cresa) TENANT: Protravel International LANDLORD: Valley East Management LLC SQUARE FEET: 8000

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Deal Type
Effective Rent (Annual)

$458,555.17

Total Lease Value

$4,585,551.72

Net Landlord Cash Flow$458,555.17