C.M. Richey Electric Leases Office Space In Bohemia, NY From 55 Knickerbocker LLC
55 Knickerbocker Ave, Bohemia, NY, 1...
Building Size
3,000 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
Located at 55 Knickerbocker Ave in Bohemia, NY, the office property encompassing 3,000 square feet was leased by C.M. Richey Electric. The landlord, 55 Knickerbocker LLC, was represented by Michael Paul Zere of Zere Real Estate Services in the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: C.M. Richey Electric
- Landlord: 55 Knickerbocker LLC
- Square Feet: 3,000
- Landlord's Rep: Michael Paul Zere (Zere Real Estate Services)
In this transaction, Michael Paul Zere of Zere Real Estate Services not only represented the landlord, 55 Knickerbocker LLC but also the tenant, C.M. Richey Electric, showcasing his dual role in facilitating the lease of the 3,000 square feet office space at 55 Knickerbocker Ave in Bohemia.
Bohemia 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