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Daniel Torkan's Villadom Corp. Acquires Nassau Office Building For $4.9M

Property Image
SOLD
$4,900,000
Dimitri Mastrogiannis
Daniel Torkan
+ 1

New York

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Office21,018 SF
Sold 12/30/2020
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Property Image
SOLD

Daniel Torkan's Villadom Corp. Acquires Nassau Office Building For $4.9M

175 Sunnyside Boulevard, Nassau, New York, USA

See Similar Deals
Office21,018 SF
Sold 12/30/2020
Dimitri Mastrogiannis
Daniel Torkan
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:21,018 SF
Transaction Type:Sale

Located at 175 Sunnyside Boulevard in Nassau, this office building was recently sold in a transaction on December 30, 2020. The property, with a total square footage of 21,018, was sold for a price of $4,900,000, resulting in a price per square foot of $233. The seller in this transaction was the Pacifico Family, while the buyer was Daniel Torkan representing Villadom Corp. The deal was facilitated by brokers Daniel Abbondandolo, Rob Kuppersmith, Dimitri Mastriogiannis, and Joegy Raju of Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,900,000
  • Date: 12/30/2020
  • Address: 175 Sunnyside Boulevard
  • Market: Nassau
  • Buyer: Daniel Torkan - Villadom Corp.
  • Seller: Pacifico Family
  • Brokers: Daniel Abbondandolo, Rob Kuppersmith, Dimitri Mastriogiannis, and Joegy Raju - Cushman & Wakefield
  • Square Footage: 21,018
  • Price per Square Foot: $233

The seller, Pacifico Family, successfully sold their office property, with the transaction facilitated by Daniel Abbondandolo, Rob Kuppersmith, Dimitri Mastriogiannis, and Joegy Raju of Cushman & Wakefield. On the buyer side, Daniel Torkan represented Villadom Corp. specializing in Capital Markets - Investment Sales throughout Long Island and the outer boroughs. For further inquiries or a complimentary building or portfolio valuation, please contact [email protected].

Players

6 deals$47.9M volume
BROKER


Joegy Raju
Cushman & Wakefield
43 deals$302.6M volume
BROKER

Daniel Torkan
5 deals$41.6M volume
BUYER

Details

SOLD
IMAGE: Daniel Abbondandolo, Dimitri Mastrogiannis, Joegy Raju & Rob Kuppersmith DATE: 12/30/2020 ADDRESS: 175 Sunnyside Boulevard MARKET: Nassau ASSET TYPE: Office BUYER: Daniel Torkan - Villadom Corp. SELLER: Pacifico Family BROKERS: Daniel Abbondandolo, Rob Kuppersmith, Dimitri Mastriogiannis & Joegy Raju - @TeamAbbs - Cushman & Wakefield PRICE: $4,900,000 SF: 21,018 ~ PPSF: $233 NOTE FROM BROKER: Team Abbondandolo – Specializes in Capital Markets – Investment Sales throughout Long Island and the outer boroughs. For a complimentary building or portfolio valuation, please reach out to [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00