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308 Ny-25a, Smithtown, NY, ...

Lieb At Law PC Purchases Office Space In Smithtown For $1.6M
SOLDOffice

Lieb At Law PC Purchases Office Space In Smithtown For $1.6M

308 Ny-25a, Smithtown, NY, 11787

$1,600,000

$142/SF

Building Size

11,250 SF

Asset Type

Office

Closing

Jun 27, 2018

AI

Located at 308 West Main St, Smithtown, NY, 11787, the recently transacted property is an office building spanning 11,250 square feet. The sale took place on June 27, 2018, with Lieb at Law PC acquiring the asset at a price of $1,600,000.00 in the Smithtown market. The buyer's representative in this deal was Leo Farrell from Coldwell Banker, while the seller was 308 West Main Street LLC.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,600,000.00
  • Buyer: Lieb at Law PC
  • Seller: 308 West Main Street LLC
  • Address: 308 West Main St, Smithtown, NY, 11787

Leo Farrell of Coldwell Banker also represented Lieb at Law PC in their acquisition of the office building. The transaction involved a mix of legal expertise and real estate services, bringing together professionals to facilitate the successful sale of the property in Smithtown.

Players

Leo Farrell

Coldwell Banker

Broker

$3.2M

vol

2 deals

Broker

Smithtown 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93