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
About this deal
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.
On the Map
Players
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