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250 Pettit Avenue

$4.3M Loan Secured For 250 Pettit Avenue Medical Office In Long Island By Meridian Capital Group
FINANCEDOffice

$4.3M Loan Secured For 250 Pettit Avenue Medical Office In Long Island By Meridian Capital Group

250 Pettit Avenue

$4,300,000

$236/SF

Building Size

18,200 SF

Asset Type

Office

Closing

Mar 25, 2026

AI

The property asset involved in the transaction is a medical office located at 250 Pettit Avenue in the Long Island market. The total square footage of the asset is 18,200. The loan amount secured for this acquisition is $4,300,000.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $4,300,000
  • Address: 250 Pettit Avenue
  • Market: Long Island
  • Asset Size: 18,200 SF
  • Loan Type: Acquisition
  • Brokers: Allan Lieberman & Jason Bogopulsky - Meridian Capital Group

The key individuals involved in the deal are Allan Lieberman and Jason Bogopulsky, who represent the transaction through Meridian Capital Group. Their professional expertise facilitated the acquisition process of the medical office asset.

Players

Jason Bogopulsky

Meridian Capital Group

Broker

$66.8M

vol

7 deals

Broker

Bellmore Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93