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
About this deal
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.
On the Map
Office
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Players
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