Art Tek Leases 9100 Square Feet Space At 9 Commercial St, Hicksville NY
9 Commercial St, Hicksville, NY, 11801
Building Size
9,100 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property located at 9 Commercial St, Hicksville, NY, 11801, boasting 9100 square feet, was involved in a lease transaction. The tenant, Art Tek, was represented by Tommy Tsiolis from Diversified Realty LI, while the landlord, Spiegel Associates, was represented by Paul Giossi.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Art Tek
- Tenant's Rep: Tommy Tsiolis (Diversified Realty LI)
- Landlord: Spiegel Associates
- Landlord's Rep: Paul Giossi (Spiegel Associates)
- Square Feet: 9100
- Market: Hicksville
The deal involving the lease transaction at 9 Commercial St in Hicksville further highlights the key individuals who played crucial roles in the agreement. Tommy Tsiolis, from Diversified Realty LI, effectively represented Art Tek in the negotiation process. On the other side, Paul Giossi, representing Spiegel Associates, ensured that the landlord's interests were well-maintained throughout the lease deal.
Players
Hicksville 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