Marcus & Millichap Brokers $7.1 Million Sale Of Two Office Buildings In Roslyn Heights
200 South Service Road & 220 South Service Road
$7,100,000
$123/SF
Building Size
28,714 SF
Asset Type
Office
Closing
Jun 16, 2026
About this deal
AI
The transaction involved two office buildings located at 200 South Service Road and 220 South Service Road in Roslyn Heights. The total sale price for the properties was $7,100,000, which corresponds to a price per square foot of $247. The buildings collectively encompass 28,714 square feet and are situated on a 1.5-acre site.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,100,000
- Square Footage: 28,714
- Address: 200 South Service Road & 220 South Service Road
- Market: Roslyn Heights
- Price Per Square Foot: $247
- Acres: 1.5
- Buyer's Representative: Global Realty Services USA
- Seller's Representative: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap
Michael Tuccillo and Anthony Cerrone represented the sellers in this transaction through their agency, Marcus & Millichap, effectively facilitating the sale. The involvement of Global Realty Services USA as the buyer's representative marked a significant collaboration in the commercial real estate market.
On the Map
$7,100,000
$123/SF
Office
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Players
Marble Rock 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93