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1825 Brentwood Rd, Brentwoo...

Terence McMahon Represents Whyte Management In Office Lease In Brentwood
LEASEDOffice

Terence McMahon Represents Whyte Management In Office Lease In Brentwood

1825 Brentwood Rd, Brentwood, NY, 1...

Building Size

2,320 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

Located in Brentwood, 1825 Brentwood Road is an office property leased by Whyte Management, specializing in chiropractic and physical therapy offices. The property offers 2,320 square feet of space in the Brentwood market.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1825 Brentwood Rd, Brentwood, NY
  • Market: Brentwood
  • Tenant: Whyte Management
  • Landlord: 1825 Brentwood Road Associates
  • Square Feet: 2320
  • Landlord's Rep: Terence McMahon (Island Associates Real Estate Inc.)

Terence McMahon, from Island Associates Real Estate Inc., played a dual role in the lease transaction of 1825 Brentwood Road. Representing both the tenant and the landlord, McMahon facilitated the agreement between Whyte Management and 1825 Brentwood Road Associates.

Players

Terence McMahon

Island Associates Real Estate Inc.

Broker

2 deals

Broker

Brentwood 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