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225 Broadhollow Rd, Melvill...

Cohen & Lynn, LLP Leases 2500 Square Feet At 225 Broadhollow Rd Melville From Fairfield Properties
LEASEDOffice

Cohen & Lynn, LLP Leases 2500 Square Feet At 225 Broadhollow Rd Melville From Fairfield Properties

225 Broadhollow Rd, Melville, NY, 117...

Building Size

2,500 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The lease is for a property located at 225 Broadhollow Rd, Melville, NY, comprising a total of 2,500 square feet. The market for this property is Melville, and it is owned by Fairfield Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 225 Broadhollow Rd, Melville, NY, 117...
  • Market: Melville
  • Landlord: Fairfield Properties
  • Tenant: Cohen & Lynn, LLP
  • Landlord's Representative: Carmine Inserra - NAI Long Island

This transaction involves the landlord, Fairfield Properties, and the tenant, Cohen & Lynn, LLP. The landlord's representative in this deal is Carmine Inserra from NAI Long Island, facilitating the lease agreement for this property.

Players

Carmine Inserra

Cushman & Wakefield

Broker

$8.9M

vol

6 deals

Broker
Fairfield Properties
Fairfield PropertiesLandlord
Charles Cohen

Charles Cohen

Cohen Brothers Realty

Tenant

$1.1B

vol

23 deals

Tenant

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