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
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