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1305 Walt Whitman Road

Nationwide Mortgage Bankers Inc Leases 28552 Sq Ft Office At 1305 Walt Whitman Road In Melville
LEASEDOffice

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:

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

Andrew Wiener

The Feil Organization

Broker

33 deals

Broker
Jeffrey Feil

Jeffrey Feil

Landlord

$512.5M

vol

24 deals

Landlord

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