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:
- Property Type: Office
- Transaction Amount: $3,400,000
- Square Footage: 10,088
- Price per Square Foot: $337
- Buyer’s Representative: Theodosis Neocli - Astoria Realty
- Seller’s Representative: Clem Cote - Sovereign Realty Group
- Transaction Date: 01/31/2025
- Market: Syosset
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
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