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1305 Walt Whitman Rd, Melvi...

CohnReznick LLP Leases Office Space In Melville Square With Feil Organization REPRESENTATIVE
LEASEDOffice

CohnReznick LLP Leases Office Space In Melville Square With Feil Organization REPRESENTATIVE

1305 Walt Whitman Rd, Melville, NY...

Building Size

12,918 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The office lease transaction involves a property located at 1305 Walt Whitman Rd, Melville, NY. The asset is a 165,310-square-foot building known as Melville Square Corporate Center. The lease signed by accounting firm CohnReznick LLP encompasses 12,918 square feet within this office building. The landlord, represented by Timothy D. Parlante from The Feil Organization, has reached full occupancy with this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 1305 Walt Whitman Rd, Melville, NY
  • Market: Melville
  • Landlord: The Feil Organization
  • Square Feet: 12,918
  • Tenant: CohnReznick LLP

The lease negotiations were facilitated by Tim Parlante, the internal agent representing The Feil Organization. Other tenants in the Melville Square Corporate Center include Merrill Lynch Wealth Management, KPMG, and RUI Credit Services.

Players

Timothy D. Parlante

The Feil Organization

Broker

7 deals

Broker
The Feil Organization
The Feil OrganizationLandlord

Melville Office Market Snapshot

Boundary boundary · Office · 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