Allon Avgi Acquires Office Building In Suffolk County For $1.9M
FINANCED
$1,931,250
New York
See Similar DealsOffice14,580 SF
Financed 06/29/2023
FINANCED
Allon Avgi Acquires Office Building In Suffolk County For $1.9M
36 Route 25a, East Setauket, NY 11733
See Similar DealsOffice14,580 SF
Financed 06/29/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$132
Total Square Footage:14,580 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,931,250.00
Monthly NOI$12,875.00
Monthly Debt Service$12,206.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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