Allon Avgi Acquires Office Building In Suffolk County For $1.9M
36 Route 25a, East Setauket, NY 11733
$1,931,250
$132/SF
Building Size
14,580 SF
Asset Type
Office
Closing
Jun 29, 2023
AI
The property involved in this transaction is an office space located at 36 Route 25a & 6 S Jersey Avenue in Suffolk County. It spans a total of 14,580 square feet. The landlord of the property is Allon Avgi.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,931,250
- Address: 36 Route 25a & 6 S Jersey Avenue
- Market: Suffolk County
Jake Lapidot from Cooper Horowitz represented Allon Avgi in this acquisition loan deal. The loan amount for this transaction is $1,931,250. The loan type is an acquisition loan.
New York 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
8.21%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93