Nationwide Mortgage Bankers Inc Leases 28552 Sq Ft Office At 1305 Walt Whitman Road In Melville
1305 Walt Whitman Road
Building Size
—
Asset Type
Office
Closing
Apr 15, 2025
AI
1305 Walt Whitman Road is an office asset located in Melville, comprising 28,552 sq. ft. The landlord of the property is Feil Organization, led by Jeffrey Feil, who has successfully secured a tenant for the space.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1305 Walt Whitman Road
- Market: Melville
- Landlord: Jeffrey Feil - Feil Organization
- Tenant: Nationwide Mortgage Bankers, Inc
- Landlord's Representative: Andrew Wiener & Timothy D. Parlante - The Feil Organization
- Tenant's Representative: Joseph Lopresti - JLL
Nationwide Mortgage Bankers, Inc has leased the office space, relocating from 3 Huntington Quadrangle. The representatives involved in the transaction include Andrew Wiener and Timothy D. Parlante for the landlord and Joseph Lopresti representing the tenant.
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