Jennifer Chen Acquires Office Building In Western Suffolk For $3.7M
1160 East Jericho Turnpike, Huntington, New York 11743, United States
$3,700,000
$127/SF
Building Size
29,000 SF
Asset Type
Office
Closing
Apr 21, 2022
AI
An office property located at 1160 E. Jericho Turnpike in Western Suffolk has been sold for a total price of $3,700,000. The property spans 29,000 square feet, resulting in a price per square foot of $128. The sale took place on April 22, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,700,000
- Address: 1160 E. Jericho Turnpike
- Market: Western Suffolk
Gurpreet "Sonny" Singh, Chip Entwistle, and Nikita Pustovoit of ACC Space served as the brokers for the transaction. Jennifer Chen was the buyer, while Jim Barkley acted as the seller.
Players
Huntington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93