Bruce Waller Leases Office Building To Cathy Sobey, Ben Bratter, And Joseph Ghalici For $20/SF
15 Glen Street
$20
$20/SF
Building Size
2,400 SF
Asset Type
Office
Closing
Sep 14, 2026
About this deal
AI
This transaction involves a retail lease of an office building located at 15 Glen Street in Glen Cove. The asset has a total area of 2,400 square feet and the asking rent was set at $20 per square foot.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $20/ft
- Address: 15 Glen Street
- Market: Glen Cove
- Landlord: Bruce Waller
- Tenant: Cathy Sobey, Ben Bratter, Joseph Ghalici
- Brokers: Luca DiCiero, Nicholas Evangelista & Giuseppe Gregorio - NY Space Finders
- Lease Type: Retail Lease
The deal included representation from brokers Luca DiCiero, Nicholas Evangelista, and Giuseppe Gregorio, who facilitated the agreement between the landlord and the group of tenants, consisting of Cathy Sobey, Ben Bratter, and Joseph Ghalici.
On the Map
$20
$20/SF
Office
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Players
Glen Cove 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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93