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175 Sunnyside Boulevard, Na...

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

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

175 Sunnyside Boulevard, Nassau, New York, USA

$4,900,000

$233/SF

Building Size

21,018 SF

Asset Type

Office

Closing

Dec 29, 2020

AI

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

Dimitri Mastrogiannis

Broker

$47.9M

vol

6 deals

Broker
Daniel Torkan

Daniel Torkan

Villadom Corp.

Buyer

$41.6M

vol

5 deals

Buyer

Plainview 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

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93