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11 Collins Avenue

Robert Anthony Acquires Former Sayville Library Office From Unitarian Universalist For $1.05M
SOLDOffice

Robert Anthony Acquires Former Sayville Library Office From Unitarian Universalist For $1.05M

11 Collins Avenue

$1,050,000

$87/SF

Building Size

12,000 SF

Asset Type

Office

Closing

Apr 16, 2024

AI

The property at 11 Collins Avenue in Sayville was sold in a transaction that took place on April 16, 2024. The asset, formerly known as the Sayville Library, is an office space spanning 12,000 square feet. The sale price for this property was $1,050,000, which translates to a price per square foot of $88.

Summary of transaction details:

Robert Anthony was the buyer of the property, with the sale facilitated by the broker team consisting of Michael Gronenthal, Michael Murphy, Dennis Gandley, and Steven Bezmen from Douglas Elliman. The Unitarian Universalist served as the seller in this transaction.

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93