Updated Oct 29, 2024
Nathan Ethan Realty Represents Kerns Manufacturing In 4,100 SF Lease Farmingdale
200 Verdi St, Farmingdale, NY, 11735
Building Size
4,100 SF
Asset Type
Commercial
Closing
Nov 22, 2023
About this deal
AI
The property located at 200 Verdi St, Farmingdale, NY, 11735, consists of a commercial space spanning 4,100 square feet. Kerns Manufacturing is the tenant in this lease transaction, with Tommy Tsiolis of Diversified Realty LI representing the landlord.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Market: Farmingdale
- Landlord's Rep: Tommy Tsiolis (Diversified Realty LI)
- Tenant: Kerns Manufacturing
- Square Feet: 4100
Nathan Ethan Realty represented Kerns Manufacturing, meanwhile, Tommy Tsiolis acted as the landlord's representative in this lease deal at 200 Verdi St. This transaction adds to a series of successful lease agreements facilitated by Diversified Realty LI in the Hicksville, NY area.
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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