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246 Glen St #252 Glen Cove,...

Leo Litvintsev Leases 1,250 SF Multifamily Unit At 246-258 Glen Street In Glen Cove
LEASEDMultiFamily

Leo Litvintsev Leases 1,250 SF Multifamily Unit At 246-258 Glen Street In Glen Cove

246 Glen St #252 Glen Cove, NY 11542, USA

$28

$28/SF

Building Size

1,250 SF

Asset Type

MultiFamily

Closing

Sep 8, 2023

AI

The multifamily property located at 246-258 Glen Street, Unit 252 in Glen Cove, Long Island has recently been leased. The property spans approximately 1,250 square feet and was leased for a term of 5 years with a 5-year option. The asking rent for the space was $28 per square foot.

Summary of Transaction Details

  • Property Type: Multifamily
  • Address: 246-258 Glen Street, Unit 252, Glen Cove, Long Island
  • Lease Term: 5 years with a 5-year option
  • Asking Rent: $28 per square foot

The landlord in this transaction is Guy Calo, while the tenant is Leo Litvintsev. Representing the landlord are Luca DiCiero and Giuseppe Gregorio from NY Space Finders, and representing the tenant is Benny Sternberg from Meridian Capital Group.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

152 deals

Broker

Glen Cove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

566535.71%

Cash-on-Cash

-161917.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93