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149 Eileen Way

Theodosis Neocli Of Astoria Realty Represents Buyer In $3.4M Syosset Office Sale
SOLDOffice

Theodosis Neocli Of Astoria Realty Represents Buyer In $3.4M Syosset Office Sale

149 Eileen Way

$3,400,000

$337/SF

Building Size

10,088 SF

Asset Type

Office

Closing

Jan 31, 2025

AI

The asset involved in this transaction is an office property located at 149 Eileen Way in Syosset. The sale price of the property was $3,400,000, with a total square footage of 10,088 and a price per square foot of $337.

Summary of transaction details:

The deal was facilitated by Theodosis Neocli representing the buyer through Astoria Realty, while the seller was represented by Clem Cote from Sovereign Realty Group. These representatives played a crucial role in guiding their respective clients throughout the transaction process.

Players

Theodosis Neocli

Astoria Realty

Broker

$15.8M

vol

10 deals

Broker

Syosset 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93