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1644 Deer Park Avenue

Joseph Galasso, Esq. Acquires Office At 1644 Deer Park Avenue For $1.7M From Lester Janoff, Esq
SOLDOffice

Joseph Galasso, Esq. Acquires Office At 1644 Deer Park Avenue For $1.7M From Lester Janoff, Esq

1644 Deer Park Avenue

$1,700,000

$261/SF

Building Size

6,500 SF

Asset Type

Office

Closing

Jul 19, 2024

AI

The asset involved in this transaction is an office property located at 1644 Deer Park Avenue in Central Suffolk County. The property has a sale price of $1,700,000 and encompasses a total of 6,500 square feet, resulting in a price per square foot of $262.

Summary of transaction details:

This transaction involved key individuals such as Joseph Galasso, Esq., who acted as the buyer, and Lester Janoff, Esq., who served as the seller. The brokerage representation for this deal was provided by Maxx Rochlin & Adam Rochlin from The Rochlin Organization, facilitating the transfer of the property.

Players

Adam Rochlin

The Rochlin Organization

Broker

$94.9M

vol

7 deals

Broker

Deer Park 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93