Dolgin Family Acquires Great Neck Office Building For $16.5M
310 E Shore Rd, Great Neck, NY 11023, USA
$16,500,000
$31/SF
Building Size
525,170 SF
Asset Type
Office
Closing
Dec 1, 2019
About this deal
AI
The office property located at 310 E Shore Road in Great Neck, Long Island has been sold for a total price of $16,500,000. The property spans across a total square footage of 52,517 and was sold at a price per square foot of $315.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,500,000
- Square Footage: 52,517
- Price Per Square Foot: $315
- Address: 310 E Shore Road, Great Neck, Long Island
- Market: Great Neck, Long Island
The seller, Al Monasebian, sold the property to the Dolgin Family. The transaction was facilitated by broker Stephen R. Preuss.
Players
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93