facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

1055 Hylan Boulevard

Kasra Sanandaji Of Apex Investments Acquires Office Building From Moshe Glassman For $7.4M
SOLDOffice

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

Bayrock Capital
Bayrock CapitalSeller

Staten Island Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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