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9 Commercial St, Hicksville...

Art Tek Leases 9100 Square Feet Space At 9 Commercial St, Hicksville NY
LEASED

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

Paul Giossi

Spiegel Associates

Broker

3 deals

Broker
Spiegel Associates
Spiegel AssociatesLandlord

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