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
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