Greenway Office Park, LLC Leases 944 Square Feet At 135 Pinelawn Rd In Melville
135 Pinelawn Rd, Melville, NY, 11747
Building Size
944 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 135 Pinelawn Rd, Melville, NY, 11747. The asset is comprised of 944 square feet and is situated in the Melville market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 944
- Address: 135 Pinelawn Rd, Melville, NY, 11747
- Market: Melville
- Landlord: Greenway Office Park, LLC
- Tenant's Representative: Carmine Inserra (NAI Long Island)
This transaction involves the representation of the tenant by Carmine Inserra from NAI Long Island, while the landlord is identified as Greenway Office Park, LLC. The deal highlights the collaboration between these parties within the commercial leasing sector.
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