Jonathan Owhe Acquires Office Building In Westbury, Long Island For $1.2M
SOLD
$1,200,000
New York
See Similar DealsOffice3,964 SF
Sold 10/13/2021
SOLD
Jonathan Owhe Acquires Office Building In Westbury, Long Island For $1.2M
327 Cross Street, Westbury, NY, USA
See Similar DealsOffice3,964 SF
Sold 10/13/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$302
Total Square Footage:3,964 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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