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
About this deal
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.
On the Map
Plainview CRE Market Snapshot
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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