Patrick Consalvas Acquires Office Building In Commack For $1.35M
137 Commack Road & 145 Commack Road
$1,350,000
$45/SF
Building Size
29,604 SF
Asset Type
Office
Closing
Dec 15, 2023
AI
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.
Players
Mastic Beach 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93