Damianos Realty Group Acquires Office Building In Suffolk County For $24.5M
150 Vanderbilt Motor Parkway, Hauppauge, New York 11788, United States
$24,500,000
$122/SF
Building Size
200,000 SF
Asset Type
Office
Closing
Dec 12, 2021
About this deal
AI
The office property at 150 Motor Parkway in Suffolk County has been sold at a transaction price of $24,500,000. Spanning an area of 200,000 square feet, the property was purchased by Damianos Realty Group, represented by X. Cristofer Damianos. The seller in this deal is UA Properties.
Summary of transation details
- Property Type: Office
- Transaction Amount: $24,500,000
- Square Footage: 200,000
- Price per Square Foot: $122
- Buyer: Damianos Realty Group - X. Cristofer Damianos
- Seller: UA Properties
Notable individuals involved in the transaction include X. Cristofer Damianos, who represented Damianos Realty Group, and the seller, UA Properties. Both parties played significant roles in the successful sale of the office property at 150 Motor Parkway.
On the Map
$24,500,000
$122/SF
Office
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Players
Hauppauge 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93