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243 Northern Boulevard

Eyal Akler And David Abrahimi Acquire Office Property From Yoola Park For $2M In Great Neck
SOLDOffice

Eyal Akler And David Abrahimi Acquire Office Property From Yoola Park For $2M In Great Neck

243 Northern Boulevard

$2,000,000

$833/SF

Building Size

2,400 SF

Asset Type

Office

Closing

Jun 25, 2025

AI

The property asset involved in the transaction is located at 243 Northern Boulevard in Great Neck, categorized as an office space. The sale was executed at a price of $2,000,000 for a total area of 2,400 square feet, resulting in a price per square foot of $833.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,000,000
  • Address: 243 Northern Boulevard
  • Market: Great Neck
  • Square Footage: 2,400
  • Price Per Square Foot: $833
  • Buyer: Eyal Akler & David Abrahimi
  • Seller: Yoola Park
  • Buyer's Representative: Stephen R. Preuss Sr., Eric Delafraz & Kevin Louie - Ripco
  • Seller's Representative: Eitan Hakami - Greiner-Maltz Real Estate

The transaction involved key individuals including the buyer representatives Stephen R. Preuss Sr., Eric Delafraz, and Kevin Louie, who are associated with Ripco, while the seller was represented by Eitan Hakami from Greiner-Maltz Real Estate. This outlines the professional connectivity and representation characterizing the transaction.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker
Greiner-Maltz Real Estate
Greiner-Maltz Real EstateBrokerage
Ripco
RipcoBrokerage

Great Neck 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93