$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
About this deal
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.
On the Map
$4,300,000
$236/SF
Office
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Players
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