IRA Capital Acquires Manhasset Office Building For $18.15M
SOLD
$18,150,000
+ 1
New York
See Similar DealsOffice415,000 SF
Sold 06/10/2020
SOLD
IRA Capital Acquires Manhasset Office Building For $18.15M
1155 Northern Blvd, Manhasset, NY 11030, USA
See Similar DealsOffice415,000 SF
Sold 06/10/2020
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$43
Total Square Footage:415,000 SF
Transaction Type:Sale
The office building located at 1155 Northern Blvd in Manhasset, Nassau County has been sold in a transaction. The property spans 41,500 square feet and was sold for a price of $18,150,000, resulting in a price per square foot of $437. Jourdan Krauss was the seller, while the buyer was IRA Capital represented by Amer F. Kasm and Amer H. Malas.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,150,000
- Square Footage: 41,500
- Price per Square Foot: $437
- Address: 1155 Northern Blvd
- Market: Manhasset, Nassau County
The deal was facilitated by brokers Stephen R. Preuss, Kevin Schmitz, and Kevin Louie from Team Preuss at CushWake.
Players
BUYER
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$967,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,483.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,040.26
Annual Debt Service$1,032,483.12
Is there something missing? Send suggestions