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6851 Jericho Tpke, Syosset,...

Lieber Brokers Leases 4411 Square Feet At 6851 Jericho Tpke Syosset From Milvado Property Group
LEASEDOffice

Lieber Brokers Leases 4411 Square Feet At 6851 Jericho Tpke Syosset From Milvado Property Group

6851 Jericho Tpke, Syosset, NY, 11791

Building Size

4,411 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 6851 Jericho Tpke, Syosset, NY, 11791. It encompasses a total space of 4,411 square feet and is situated in the Syosset market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 6851 Jericho Tpke, Syosset, NY, 11791
  • Market: Syosset
  • Tenant: Lieber Brokers
  • Landlord: Milvado Property Group
  • Tenant's Representative: Larry Schusheim-LMS Corporate Realty
  • Landlord's Representative: Daniel Ginsberg
  • Square Feet: 4,411

Key individuals involved in this transaction include Larry Schusheim representing the tenant, Lieber Brokers, and Daniel Ginsberg representing the landlord, Milvado Property Group. This deal showcases the collaboration between the tenant's and landlord's representatives in facilitating the lease agreement.

Players

Daniel Ginsberg

Broker

4 deals

Broker
Milvado Property Group
Milvado Property GroupLandlord

Syosset 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