369 Willis Avenue LLC Acquires Office Building In Mineola For $1.3M
369 Willis Ave, Mineola, NY 11501, USA
$1,300,000
$236/SF
Building Size
5,500 SF
Asset Type
Office
Closing
Jul 22, 2019
About this deal
AI
An office property located at 369 Willis Avenue in Mineola, Nassau County has been sold for a price of $1,300,000. The property spans 5,500 square feet, resulting in a price per square foot of $236.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,300,000
The seller of the property was Stephen Ruhsmore, while the buyer was 369 Willis Avenue LLC, represented by Joel Leder. The transaction was facilitated by brokers Stephen R. Preuss, Kevin Louie, and Rob Kuppersmith of Cushman & Wakefield.
Players
Mineola Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Louie to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93