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137 Commack Road

Patrick Consalvas Acquires Office Building In Commack For $1.35M
SOLDOffice

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

Kevin Louie

Ripco

Broker

$1.1B

vol

129 deals

Broker

Mastic Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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