Frenkel Family Acquires Suburban Office In Woodmere, NY For $950K
154 Franklin Pl, Woodmere, NY 11598, USA
$950,000
$38/SF
Building Size
25,000 SF
Asset Type
Office
Closing
Sep 2, 2020
AI
The suburban office located at 154 Franklin Pl in Woodmere, NY has been sold in a recent transaction. The property spans an area of 2,500 square feet with a price per square foot of $380. The sale price for this transaction was $950,000.
Summary of transaction details
- Property Type: Suburban Office
- Transaction Amount: $950,000
- Address: 154 Franklin Pl, Woodmere, NY
- Market: Woodmere, NY
- Buyer: Frenkel Family
- Seller: Gittleson Family
- Broker: Michael Guttman - Rosewood Realty Group NY, Adam Bari - Bari Real Estate Group
The sale of this suburban office was facilitated by Michael Guttman from Rosewood Realty Group NY and Adam Bari from the Bari Real Estate Group. The deal was successfully closed with the Frenkel Family as the buyer and the Gittleson Family as the seller.
Players
Woodmere 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93