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320 Carleton Avenue

BOSFA Properties Acquires Office Building In Suffolk County For $21.5M
SOLDOffice

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

Jack Bick

S Charatan Realty

Broker

$631.3M

vol

9 deals

Broker
Daniel Goldstein

Daniel Goldstein

BOSFA Properties

Buyer

$63.9M

vol

6 deals

Buyer

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