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

Property Image
SOLD
$21,500,000
Michael Tuccillo
Jack Bick
+ 2

New York

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Office168,000 SF
Sold 09/29/2022
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Property Image
SOLD

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

320 Carleton Avenue

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Office168,000 SF
Sold 09/29/2022
Michael Tuccillo
Jack Bick
+ 2
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$128
Total Square Footage:168,000 SF
Transaction Type:Sale

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
9 deals$631.3M volume
BROKER

Michael Tuccillo
Marcus & Millichap
27 deals$582.4M volume
BROKER

Peter Wolf
3 deals$34.1M volume
BROKER

Daniel Goldstein
6 deals$63.9M volume
BUYER

Details

SOLD
IMAGE: Peter Wolf, Aron Goldstein, Michael Tuccillo, Daniel Goldstein, & Jack Bick DATE: 09/30/2022 ADDRESS: 320 Carleton Ave. MARKET: Suffolk County ASSET TYPE: Office BUYER: BOSFA Properties - Daniel Goldstein & Aron Goldstein SELLER: Benjamin Companies BROKERS: Michael Tuccillo (The Tuccillo Group) (@TheTuccilloGroup) - Marcus & Millichap (@MarcusMillichap_NY); Jack Bick - S. Charatan Realty (@Charatan_Realty); Peter Wolf - Private Select Realty SALE PRICE: $21,500,000 SF: 168,000 ~ PPSF: $127

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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Cash-on-Cash Return-1.27%
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