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
About this deal
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.
On the Map
$1,600,000
$142/SF
Office
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Players
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