BOSFA Properties Acquires Office Building In Suffolk County For $21.5M
320 Carleton Avenue
$21,500,000
$128/SF
Building Size
168,000 SF
Asset Type
Office
Closing
Sep 29, 2022
AI
An office property located at 320 Carleton Ave in Suffolk County has been sold in a transaction that took place on September 30, 2022. The property, with a total area of 168,000 square feet, was sold for a price of $21,500,000, resulting in a price per square foot of $127. The buyer of the property is BOSFA Properties, represented by Daniel Goldstein and Aron Goldstein. The seller is Benjamin Companies. The transaction was facilitated by multiple brokers, including Michael Tuccillo from The Tuccillo Group, who represented BOSFA Properties, and Jack Bick from S. Charatan Realty and Peter Wolf from Private Select Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,500,000
- Address: 320 Carleton Ave
- Market: Suffolk County
- Buyer: BOSFA Properties - Daniel Goldstein & Aron Goldstein
- Seller: Benjamin Companies
- Brokers: Michael Tuccillo (The Tuccillo Group) - Marcus & Millichap; Jack Bick - S. Charatan Realty; Peter Wolf - Private Select Realty
- Square Footage: 168,000
- Price Per Square Foot: $127
The buyer of the property, BOSFA Properties, was represented by Daniel Goldstein and Aron Goldstein. On the other hand, Benjamin Companies acted as the seller in this transaction. The deal was facilitated by several brokers, including Michael Tuccillo from The Tuccillo Group, Marcus & Millichap; Jack Bick from S. Charatan Realty, and Peter Wolf from Private Select Realty. These individuals and companies played key roles in the successful completion of the transaction.
Players
Central Islip 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93