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60 Cuttermill Road

Ting Li Leases Office Space At 60 Cuttermill Road Great Neck For $38/ft
LEASEDOffice

Ting Li Leases Office Space At 60 Cuttermill Road Great Neck For $38/ft

60 Cuttermill Road

$38

$38/SF

Building Size

1,217 SF

Asset Type

Office

Closing

Nov 6, 2023

AI

The office space located at 60 Cuttermill Road Unit Great Neck in Great Neck, NY 11021 has been leased. The property is a class-A office building in downtown Great Neck, which has a high demand and limited supply. The lease was completed in under 14 days on the market. The space available for lease is 1,217 square feet and the asking rent was $38 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Leased
  • Address: 60 Cuttermill Road Unit Great Neck, Great Neck, NY 11021
  • Landlord: Michael Robbins - Philips International
  • Tenant: Ting Li
  • Brokers: Barbie Li & Yan Xue (Christina) Zheng - B Square Realty
  • Asking Rent: $38/ft
  • Square Footage: 1,217
  • Lease Type: Modified Gross Lease

The lease was facilitated by the Barbie Li Team, representing 60 Cuttermill Road Great Neck, NY 11021. The team successfully catered to the business needs of the tenant, Ting Li. With the high demand for office spaces in downtown Great Neck and limited availability, the leasing process was expedited. The landlord, Michael Robbins of Philips International, played a key role in the transaction. For more information, contact Barbie Li at 646-889-9988 or email [email protected].

Players

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker

Michael Robbins

Phillips International

Landlord

$8.8M

vol

3 deals

Landlord

Great Neck 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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93