NYU Langone Signs 15-Year Lease At 167 Veterans Memorial Highway In Commack
167 Veterans Memorial Highway
$33
$33/SF
Building Size
17,150 SF
Asset Type
Office
Closing
Feb 1, 2023
About this deal
AI
The property involved in this lease transaction is located at 167 Veterans Memorial Highway in Commack. It is a mixed-use office/retail space with a total of 17,150 square feet. The landlord, Frank Nick, has entered into a lease agreement with NYU Langone as the tenant.
Summary of transaction details
- Property Type: Office/Retail
- Transaction Amount: Not specified
- Address: 167 Veterans Memorial Highway, Commack
- Market: Commack
- Tenant: NYU Langone
- Landlord: Frank Nick
The lease term for this agreement is set at 15 years. The landlord is represented by Michael Gronenthal and Michael Murphy, while Ted Stratigos from Avison Young serves as the tenant's representative in the deal.
On the Map
$33
$33/SF
Office
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Players
Market 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
480696.97%
Cash-on-Cash
-137384.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93