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
About this deal
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.
On the Map
Office
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Players
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