Technopath Northwell Health Leases 6900 SF Space At 99 Lafayette Dr, Syosset
99 Lafayette Dr, Syosset, NY, 11791
Building Size
6,900 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
Located at 99 Lafayette Dr, Syosset, NY, 11791, the property involved in this lease transaction spans 6900 square feet. The market where this property is situated is Syosset, and the deal was facilitated between the Tenant, Technopath Northwell Health, and the Landlord, Milvado Property Group. Representing the tenant in this transaction was Steven Epstein of United Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not applicable
- Tenant's Representative: Steven Epstein - United Realty
- Tenant: Technopath Northwell Health
- Landlord: Milvado Property Group
- Square Feet: 6900
- Address: 99 Lafayette Dr, Syosset, NY, 11791
- Market: Syosset
The deal involved in this lease also included the representation of United Realty by Steven Epstein as the Tenant's Representative, ensuring a smooth negotiation process for the lease of 6900 square feet of space at 99 Lafayette Dr in Syosset, NY. The Tenant in this transaction, Technopath Northwell Health, successfully secured this property from the Landlord, Milvado Property Group, marking a significant real estate agreement.
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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