Kasra Sanandaji Of Apex Investments Acquires Office Building From Moshe Glassman For $7.4M
1055 Hylan Boulevard
$7,400,000
$1,741/SF
Building Size
4,250 SF
Asset Type
Office
Closing
Oct 28, 2025
AI
The office building located at 1055 Hylan Boulevard in Concord, Staten Island, was acquired for a total price of $7,400,000. This asset boasts a total square footage of 4,250, equating to a price per square foot of $1,741. The property transaction was conducted by Hylan Propco LLC, representing Apex Investments in the purchase from 1055 Partners LLC, an entity of Bayrock Capital.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $7,400,000
- Buyer: Kasra Sanandaji - Apex Investments
- Seller: Moshe Glassman - Bayrock Capital
- Square Footage: 4,250
- Price per Square Foot: $1,741
- Date of Transaction: 10/28/2025
- Market: Concord, Staten Island
Kasra Sanandaji represents Apex Investments in this transaction, while Moshe Glassman is the representative of the seller, Bayrock Capital. The deal was finalized on October 28, 2025, highlighting the involvement of key individuals in the acquisition process.
Players
Staten Island Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93