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
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