Updated Oct 29, 2024
VidaBox Leases 8605 Square Feet At 125 Newtown Rd Plainview With David Hunt Solomon And Jeffrey Horn
125 Newtown Rd, Plainview, NY, 11803
Building Size
8,605 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 125 Newtown Rd, Plainview, NY, 11803. This lease encompasses a total of 8,605 square feet in the Plainview market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 125 Newtown Rd, Plainview, NY, 11803
- Market: Plainview
- Square Feet: 8,605
- Tenant: VidaBox
- Landlord: Anton-Cerrone Associates
- Tenant's Representative: Jeffrey Horn - Schacker Realty
- Landlord's Representative: David Hunt Solomon - Berkshire Hathaway HomeServices
The deal involved tenant VidaBox, represented by Jeffrey Horn from Schacker Realty, and landlord Anton-Cerrone Associates with representation by David Hunt Solomon of Berkshire Hathaway HomeServices. Each representative played a crucial role in facilitating the lease agreement.
Players
Plainview Industrial Market Snapshot
Boundary boundary · Industrial · 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