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
About this deal
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.
On the Map
$3,750,000
$282/SF
Office
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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