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150 Vanderbilt Motor Parkwa...

Damianos Realty Group Acquires Office Building In Suffolk County For $24.5M
SOLDOffice

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

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.

Players

DG
Damianos Realty GroupBuyer

Hauppauge 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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93