facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

135 Pinelawn Rd, Melville, ...

Greenway Office Park, LLC Leases 944 Square Feet At 135 Pinelawn Rd In Melville
LEASEDOffice

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.

Players

Carmine Inserra

Cushman & Wakefield

Broker

$8.9M

vol

6 deals

Broker

Melville Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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