Geidue Inc. Acquires Property At 40 Burt Dr Deer Park From 65 Burt Drive LLC For $640K
40 Burt Dr, Deer Park, NY, 11729
$640,000
$181/SF
Building Size
3,520 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property located at 40 Burt Dr, Deer Park, NY, 11729 was sold for $640,000.00. This asset spans a total of 3,520 square feet and is situated in the Deer Park market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $640,000.00
- Address: 40 Burt Dr, Deer Park, NY, 11729
- Market: Deer Park
- Buyer: Geidue Inc.
- Seller: 65 Burt Drive LLC
- Buyer's Representative: Jeremy Hackett - Metro Realty Services
In this transaction, Geidue Inc. acquired the property from 65 Burt Drive LLC, with Jeremy Hackett from Metro Realty Services acting as the representative for the buyer.
On the Map
$640,000
$181/SF
Office
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Deer Park 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
24.79%
Cash-on-Cash
-7.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93