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456 W John St, Hicksville, ...

Tommy Tsiolis Represents Marcos Art Of Restoration In Hicksville Lease Deal
LEASEDCommercial

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:

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

Paul Giossi

Spiegel Associates

Broker

3 deals

Broker
Spiegel Associates
Spiegel AssociatesLandlord

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