John Ottomano Leases Office Space At 90 Merrick Avenue North In East Meadow
90 Merrick Avenue North
$33
$33/SF
Building Size
6,150 SF
Asset Type
Office
Closing
May 3, 2023
About this deal
AI
The office building located at 90 Merrick Avenue North in East Meadow has been leased. The property spans approximately 6,150 square feet and was leased for a 5-year term with an option to renew.
Summary of transaction details:
- Property Type: Office
- Asking Rent: $33/ft
- Square Footage: 6,150
- Lease Term: 5-year lease with option
- Address: 90 Merrick Avenue North, East Meadow
The landlord for this lease transaction is Craig Koeninsberg. Representing the landlord is John LaRuffa from Cushman & Wakefield. The tenant, John Ottomano, is represented by Luca DiCiero, Joseph Franco, and Giuseppe Gregorio from NY Space Finders.
On the Map
$33
$33/SF
Office
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Players
Market 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
480696.97%
Cash-on-Cash
-137384.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93