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255 Executive Dr, Plainview...

Elite Search Group Leases 1505 Square Feet At 255 Executive Dr Plainview With Landlord Holiday Organization
LEASED

Elite Search Group Leases 1505 Square Feet At 255 Executive Dr Plainview With Landlord Holiday Organization

255 Executive Dr, Plainview, NY, 11803

Building Size

1,505 SF

Asset Type

Closing

Nov 19, 2023

AI

The property is located at 255 Executive Dr, Plainview, NY, 11803, within the Plainview market. It encompasses a total of 1,505 square feet, serving as a leased space for the tenant, Elite Search Group. The landlord is the Holiday Organization.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not provided
  • Address: 255 Executive Dr, Plainview, NY, 11803
  • Market: Plainview
  • Tenant: Elite Search Group
  • Landlord: Holiday Organization
  • Square Feet: 1505
  • Tenant's Representative: Carmine Inserra (NAI Long Island)

The deal involved key individuals including Carmine Inserra, who represented the tenant, Elite Search Group, during the leasing transaction. The representative played a crucial role in facilitating the agreement between Elite Search Group and the Holiday Organization.

Players

Carmine Inserra

Cushman & Wakefield

Broker

$8.9M

vol

6 deals

Broker

Plainview 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