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:
- Property Type: Office
- Transaction Amount: $1,700,000
- Square Footage: 6,500
- Price per Square Foot: $262
- Buyer: Joseph Galasso, Esq.
- Seller: Lester Janoff, Esq.
- Brokers: Maxx Rochlin & Adam Rochlin - The Rochlin Organization
- Transaction Date: 07/19/2024
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
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