Church Of Pentecost USA Acquires Office Building From Rob Lee In Sayville For $1.9M
SOLD
$1,900,000
New York
See Similar DealsOffice12,402 SF
Sold 05/15/2025
SOLD
Church Of Pentecost USA Acquires Office Building From Rob Lee In Sayville For $1.9M
11 Collins Avenue
See Similar DealsOffice12,402 SF
Sold 05/15/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$153
Total Square Footage:12,402 SF
Transaction Type:Sale
The asset involved in the transaction is an office property located at 11 Collins Avenue, Sayville. The property was sold for a transaction amount of $1,900,000, encompassing a total square footage of 12,402, resulting in a price per square foot of $153.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,900,000
- Address: 11 Collins Avenue
- Market: Sayville
- Square Footage: 12,402
- Price Per Square Foot: $153
- Buyer: Church Of Pentecost USA
- Seller: Rob Lee
- Brokers: Michael Gronenthal & Dennis Gandley - Douglas Elliman
The transaction was facilitated by brokers Michael Gronenthal and Dennis Gandley from Douglas Elliman, who represented the buyer, Church Of Pentecost USA, and the seller, Rob Lee, in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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