RXR Realty Leases Office Space To Riverhead Financial Partners In Melville For $37/ft
Building Size
5,456 SF
Asset Type
Office
Closing
Apr 30, 2025
About this deal
AI
The asset involved in this lease transaction is an office space located in Melville, with a total square footage of 5,456. The asking rent for this property is set at $37 per square foot, and it is under a Full Service Gross lease arrangement.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $202,992
- Landlord: RXR Realty
- Tenant: Riverhead Financial Partners
- Broker: Kelly Koukou - Lee & Associates
- Lease Type: Full Service Gross
Key individuals involved in this lease transaction include Kelly Koukou, representing the landlord RXR Realty through Lee & Associates, and the tenant Riverhead Financial Partners, which is identified as a rapidly growing financial brokerage providing solutions for small and medium-sized enterprises with over five years of industry experience.
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
70.50%
Cash-on-Cash
-20.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93