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80 Swalm Street, Westbury, ...

Updated Oct 29, 2024

Tommy Tsiolis Represents Castle Collision In 20,000 SF Westbury Industrial Lease
LEASEDIndustrial

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

About this deal

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.

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Players

Tommy Tsiolis

Diversified Realty LI

Broker

7 deals

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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

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