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
About this deal
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:
- Property Type: Office
- Transaction Amount: $7,500,000
- Buyer: Phillip Rafiy
- Seller: Michael Levin, Esq.
- Brokers: Michael Rosenfeld & Maxx Rochlin - The Rochlin Organization
- Address: 265 Post Avenue
- Market: Westbury
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
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