Tommy Tsiolis Represents Marcos Art Of Restoration In Hicksville Lease Deal
456 W John St, Hicksville, NY, 11801
Building Size
3,437 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property at 456 W John St in Hicksville, NY, 11801, is a commercial asset leased to Marcos Art of Restoration. The lease encompasses 3,437 square feet in the Hicksville market.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: Not provided
- Tenant's Rep: Tommy Tsiolis(Diversified Realty LI)
- Landlord's Rep: Paul Giossi(Spiegel Associates)
- Tenant: Marcos Art of Restoration
- Landlord: Spiegel Associates
- Square Feet: 3437
Tommy Tsiolis from Diversified Realty LI served as the tenant's representative in the lease deal, while Paul Giossi from Spiegel Associates acted as the landlord's representative. This transaction adds to the portfolio of lease transactions successfully completed by these real estate professionals in the Hicksville area.
Players
Hicksville Commercial Market Snapshot
Boundary boundary · Commercial · 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