Frenkel Family Acquires Suburban Office In Woodmere, NY For $950K
SOLD
$950,000
New York
See Similar DealsOffice25,000 SF
Sold 09/03/2020
SOLD
Frenkel Family Acquires Suburban Office In Woodmere, NY For $950K
154 Franklin Pl, Woodmere, NY 11598, USA
See Similar DealsOffice25,000 SF
Sold 09/03/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$38
Total Square Footage:25,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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