David Lasky And Josh Lasky's IVY Property Management Acquires Post Office Property In Merrick, Long Island
SOLD
$5,100,000
+ 1
New York
See Similar DealsOffice10,742 SF
Sold 08/13/2019
SOLD
David Lasky And Josh Lasky's IVY Property Management Acquires Post Office Property In Merrick, Long Island
2040 Merrick Rd, Merrick, NY 11566, USA
See Similar DealsOffice10,742 SF
Sold 08/13/2019
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$474
Total Square Footage:10,742 SF
Transaction Type:Sale
Located at 2040 Merrick Road in Merrick, Long Island, this post office property was recently sold in a closed transaction. The property spans 10,742 square feet and was sold at a price of $5,100,000, with an asking price of $5,500,000. The price per square foot for this transaction was $474. The property generates a gross income of $265,000.
Summary of transaction details:
- Property Type: Post Office
- Transaction Amount: $5,100,000
- Address: 2040 Merrick Road, Merrick, Long Island
- Market: Merrick, Long Island
- Seller: Jack Biondo
- Buyer: David Lasky, Josh Lasky - IVY Property Management
- Brokers: Asher Wenig, James Nelson, Jim Kinsey
The buyer in this transaction is David Lasky, along with Josh Lasky, who represent IVY Property Management. The brokers involved in the deal are Asher Wenig, James Nelson, and Jim Kinsey.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
Is there something missing? Send suggestions