Tommy Tsiolis Represents Castle Collision In 20,000 SF Westbury Industrial Lease
80 Swalm Street, Westbury, NY, 11590
Building Size
20,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
Industrial property located at 80 Swalm Street, Westbury, NY, 11590, was leased by Castle Collision, occupying 20,000 square feet. The landlord's representative was Tommy Tsiolis of Diversified Realty LI, while the landlord was 570 Main Street Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 80 Swalm Street, Westbury, NY, 11590
- Market: Westbury
- Tenant: Castle Collision
- Landlord's Rep: Tommy Tsiolis(Diversified Realty LI)
- Landlord: 570 Main Street Properties
- Square Feet: 20,000
Partyology Event Group leased 1,800 square feet of industrial space at 230 Knickerbocker Ave. in Bohemia, with Andrew Gonzalez of Industry One Realty representing the tenant and the self-represented landlord, 265 Knickerbocker Inc. W&Z Group leased 3,000 square feet at 30 Harbor Park Drive in Port Washington, with Joicey Varughese and James Parnes of Schacker Realty representing both the tenant and the landlord, Expansion Harbor LLC.
Players
Westbury 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