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
About this deal
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:
- Property Type: Office
- Transaction Amount: $1,050,000
- Buyer: Robert Anthony
- Seller: Unitarian Universalist
- Brokers: Michael Gronenthal, Michael Murphy, Dennis Gandley & Steven Bezmen - Douglas Elliman
- Address: 11 Collins Avenue, Sayville
- Market: Sayville
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.
On the Map
$1,050,000
$87/SF
Office
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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