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125 East Main Street

Updated Sep 5, 2024

Rafaele Pica Acquires Office Building In Patchogue For $775K
SOLDOffice

Rafaele Pica Acquires Office Building In Patchogue For $775K

125 East Main Street

$775,000

$221/SF

Building Size

3,500 SF

Asset Type

Office

Closing

Jan 5, 2023

About this deal

AI

Rafaele Pica has purchased a two-story office building located at 125 East Main Street in Patchogue. The property, totaling 3,500 square feet, was sold by Patricia Mankowski for a price of $775,000. The sale price translates to a per square foot price of $221.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $775,000
  • Square Footage: 3,500
  • Price per Square Foot: $221
  • Address: 125 East Main Street
  • Market: Patchogue

Cushman & Wakefield's Daniel Abbondandolo and Victor Little represented Patricia Mankowski in the sale of the office building. The property is conveniently located on Patchogue's thriving Main Street, with proximity to the Chase Bank parcel on the West Side and a future 55,000 sq. ft. NYU Langone surgical center. The transaction represents a successful sale for Team Abbondandolo.

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$520.1M

vol

86 deals

Broker

Patchogue Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $221 per square foot on a published $775K for 3,500 square feet (2023).

Visit Daniel Abbondandolo to view all their deals.

Browse Patchogue office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

20.47%

Cash-on-Cash

-5.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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