Department Of War Signs 10-Year Lease For 23,600 Square Feet Office In Carle Place
1 Old Country Road
Building Size
23,600 SF
Asset Type
Office
Closing
Jul 14, 2026
AI
The asset at 1 Old Country Road in Carle Place consists of an office property with a total area of 23,600 square feet. This property is leased by the Department of War under a 10-year lease agreement. The landlord for this transaction is DBD Realty Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Old Country Road
- Market: Carle Place
- Landlord: DBD Realty Group
- Tenant: Department of War
- Landlord's Representative: Kelly Koukou - Lee & Associates
- Tenant's Representatives: Ralph Guiffre & Richard Freel - CBRE
- Lease Terms: 10-year lease
The Department of War is set to open a regional office at the location in early 2027 following a custom buildout. Lee & Associates NYC represented the landlord DBD Realty Group in this transaction, while CBRE acted on behalf of the tenant, the Department of War.
Players
Carle Place 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