Patrick Consalvas Acquires Office Building In Commack For $1.35M
SOLD
$1,350,000
+ 2
New York
See Similar DealsOffice29,604 SF
Sold 12/15/2023
SOLD
Patrick Consalvas Acquires Office Building In Commack For $1.35M
137 Commack Road & 145 Commack Road
See Similar DealsOffice29,604 SF
Sold 12/15/2023
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$45
Total Square Footage:29,604 SF
Transaction Type:Sale
The office property located at 137 & 145 Commack Road in Commack has been sold in a transaction that closed on December 15, 2023. The property spans a total area of 14,802 square feet. The sale price for this transaction was $1,350,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,350,000
- Address: 137 & 145 Commack Road
- Market: Commack
- Square Footage: 14,802
The buyer in this transaction was Patrick Consalvas, while the seller was Joan Gottesman. The deal was facilitated by brokers from Ripco, namely Stephen R. Preuss Sr., Kevin Louie, Kevin Schmitz, Andrew LeoGrande, and Andreas Efthymiou.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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