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265 Post Avenue

Phillip Rafiy Acquires Office From Michael Levin, Esq. For $7.5M In Westbury
SOLDOffice

Phillip Rafiy Acquires Office From Michael Levin, Esq. For $7.5M In Westbury

265 Post Avenue

$7,500,000

$141/SF

Building Size

53,000 SF

Asset Type

Office

Closing

Jun 18, 2024

AI

The office property located at 265 Post Avenue in Westbury was sold for $7,500,000. The asset spans 53,000 square feet, resulting in a price per square foot of $142.

Summary of transaction details:

The deal was facilitated by brokers Michael Rosenfeld and Maxx Rochlin from The Rochlin Organization, exemplifying their expertise in navigating significant transactions within the real estate market.

Players

Maxx Rochlin

The Rochlin Organization

Broker

$46.7M

vol

7 deals

Broker

Westbury 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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93