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532 Broadhollow Rd, Melvill...

One18Media Inc. Leases 878 Square Feet At 532 Broadhollow Rd Melville From T. Weiss Realty Corp
LEASEDOffice

One18Media Inc. Leases 878 Square Feet At 532 Broadhollow Rd Melville From T. Weiss Realty Corp

532 Broadhollow Rd, Melville, NY, 117...

Building Size

878 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in the lease transaction is located at 532 Broadhollow Rd, Melville, NY, with a total area of 878 square feet. This location is part of the Broadhollow Corporate Center, which is managed by T. Weiss Realty Corp., a family-owned developer and landlord specializing in commercial real estate.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 532 Broadhollow Rd, Melville, NY
  • Market: Melville
  • Square Feet: 878
  • Landlord: T. Weiss Realty Corp.
  • Tenant: One18Media Inc.
  • Landlord's Representative: Craig Weiss - T. Weiss Realty Corp.

One18Media Inc., a digital marketing agency established in 2014, has signed the lease and moved into the property as of November 1. Craig Weiss, the president of T. Weiss Realty Corp., emphasized the importance of adding One18Media and its creative team to the corporate center in this transaction.

Players

Craig Weiss

T. Weiss Realty Corp.

Broker

2 deals

Broker
RC
Realty Corp.Landlord

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