Cushman & Wakefield Brokers Facilitate $5.15M Office Sale In Eastern Nassau County
SOLD
$5,150,000
New York
See Similar DealsOffice31,044 SF
Sold 08/31/2021
SOLD
Cushman & Wakefield Brokers Facilitate $5.15M Office Sale In Eastern Nassau County
111 Crossways Park Drive West, Woodbury, NY, USA
See Similar DealsOffice31,044 SF
Sold 08/31/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$165
Total Square Footage:31,044 SF
Transaction Type:Sale
The office property located at 111 Crossways Park West in Eastern Nassau County has been sold for a transaction price of $5,150,000. The property spans a total of 31,250 square feet, resulting in a price per square foot of $164.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,150,000
- Address: 111 Crossways Park West
- Market: Eastern Nassau County
- Brokers: Nicholas Gallipoli, Frank Frizalone & Thomas DeLuca - Cushman & Wakefield
- Square Footage: 31,250
- Price per Square Foot: $164
The deal was facilitated by brokers Nicholas Gallipoli, Frank Frizalone, and Thomas DeLuca, representing Cushman & Wakefield. They played a crucial role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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