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2500 Shames Dr, Westbury, N...

NY Marketing Team Inc. Leases 3652 SF Space At 2500 Shames Dr, Westbury NY
LEASED

NY Marketing Team Inc. Leases 3652 SF Space At 2500 Shames Dr, Westbury NY

2500 Shames Dr, Westbury, NY, 11590

Building Size

3,652 SF

Asset Type

Closing

Nov 22, 2023

AI

The property located at 2500 Shames Dr, Westbury, NY, 11590, boasts a square footage of 3652 in the Westbury market. The lease transaction involved NY Marketing Team Inc. as the tenant and Spiegel Associates as the landlord. The tenant was represented by Tommy Tsiolis from Diversified Realty LI, while the landlord was represented by Paul Giossi of Spiegel Associates.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: NY Marketing Team Inc.
  • Landlord: Spiegel Associates
  • Square Feet: 3652
  • Tenant's Rep: Tommy Tsiolis (Diversified Realty LI)
  • Landlord's Rep: Paul Giossi (Spiegel Associates)

The deal's key individuals included Tommy Tsiolis representing NY Marketing Team Inc. as the tenant through Diversified Realty LI. On the other side, Paul Giossi of Spiegel Associates acted as the landlord's representative throughout the leasing transaction.

Players

Paul Giossi

Spiegel Associates

Broker

3 deals

Broker
Spiegel Associates
Spiegel AssociatesLandlord

Westbury CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93