Innovative Resources For Independence Inc. Acquires Office Building In Elmont, Long Island For $3.75M
2016 Linden Blvd, Elmont, NY 11003
$3,750,000
$282/SF
Building Size
13,300 SF
Asset Type
Office
Closing
Dec 10, 2021
AI
The office property located at 2016 Linden Blvd. in Elmont, Long Island has been sold for a price of $3,750,000. The transaction took place on December 10, 2021. The property spans approximately 13,300 square feet, resulting in a price per square foot of $281. Chris Pesce & Ken Hester of Douglas Elliman Commercial represented the sellers, while Barry Rosner of Newmark represented the buyer, Innovative Resources for Independence Inc.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,750,000
- Address: 2016 Linden Blvd.
- Market: Elmont, Long Island
Barry Rosner of Newmark represented Innovative Resources for Independence Inc. in the transaction. The sellers, Chris Pesce & Ken Hester, were represented by Douglas Elliman Commercial.
Players
Elmont 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93