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:
- 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.
Players
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