Jonathan Owhe Acquires Office Building In Westbury, Long Island For $1.2M
327 Cross Street, Westbury, NY, USA
$1,200,000
$302/SF
Building Size
3,964 SF
Asset Type
Office
Closing
Oct 13, 2021
About this deal
AI
An office property located at 327 Cross Street in Westbury, Long Island was recently sold for $1,200,000. The property spans 3,964 square feet, resulting in a price per square foot of $302.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,200,000
- Market: Westbury, Long Island
- Address: 327 Cross Street
The buyer of the property is Jonathan Owhe, while the seller is Randy Bauer. Representing the seller in the transaction were Stephen R. Preuss SR, Kevin Louie, and Charlie Dupont.
On the Map
$1,200,000
$302/SF
Office
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Players
Westbury 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93