Andy Cruz Leases Office Space At 81 Wainscott Northwest Road, East Hampton
81 Wainscott Northwest Road
$48
$48/SF
Building Size
1,000 SF
Asset Type
Office
Closing
Nov 2, 2023
AI
The office property located at 81 Wainscott Northwest Road in East Hampton has been leased. The asset, with a size of 1,000 square feet, was leased to tenant Andy Cruz. The landlord in this transaction is Alex Elezaj. The lease is classified as a single net lease, with an asking rent of $48 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Leased
- Address: 81 Wainscott Northwest Road, East Hampton
- Size: 1,000 square feet
- Landlord: Alex Elezaj
- Tenant: Andy Cruz
- Lease Type: Single Net Lease
Adis Kolenovic from the Kole Group served as the broker in this lease transaction.
Note from broker: For Real Estate inquiries, contact @KoleGroup. For Financing inquiries, contact @BlackMountainCapital. For Construction inquiries, contact @CruzBrothersConstruction.
Players
Wainscott 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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93