Updated Oct 29, 2024
Posillico Civil Leases Industrial Space At 732 Smithtown Bypass, Smithtown, NY
732 Smithtown Bypass, Smithtown, NY...
Building Size
2,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
Posillico Civil leased 2,000 square feet of office space at 732 Smithtown Bypass in Smithtown. The property is an industrial asset under the management of landlord CAF Smithtown LLC. The transaction was facilitated by Michael Zere of Zere Real Estate Services, representing both the tenant and the landlord in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 732 Smithtown Bypass, Smithtown, NY
- Market: Smithtown
- Landlord's Rep: Michael Paul Zere (Zere Real Estate Services)
- Tenant: Posillico Civil
- Landlord: CAF Smithtown LLC
- Square Feet: 2,000
The deal at 732 Smithtown Bypass involved Posillico Civil as the tenant, represented by Michael Zere of Zere Real Estate Services, who also acted as the landlord's representative. The landlord, CAF Smithtown LLC, played a key role in the transaction, ensuring a successful lease agreement for the 2,000 square feet of industrial space in Smithtown.
Smithtown Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse New York industrial leases on Traded.
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