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11 Collins Avenue

Church Of Pentecost USA Acquires Office Building From Rob Lee In Sayville For $1.9M
SOLDOffice

Church Of Pentecost USA Acquires Office Building From Rob Lee In Sayville For $1.9M

11 Collins Avenue

$1,900,000

$153/SF

Building Size

12,402 SF

Asset Type

Office

Closing

May 14, 2025

AI

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:

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.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker

Sayville 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93