Sailesh Gandhi Acquires Office At 40 Oak Drive In Syosset For $2 Million With Charles Chang As The Broker
SOLD
$2,000,000
New York
See Similar DealsOffice5,630 SF
Sold 09/17/2025
SOLD
Sailesh Gandhi Acquires Office At 40 Oak Drive In Syosset For $2 Million With Charles Chang As The Broker
40 Oak Drive
See Similar DealsOffice5,630 SF
Sold 09/17/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$355
Total Square Footage:5,630 SF
Transaction Type:Sale
The property involved in the transaction is an office asset located at 40 Oak Drive in Syosset. The sale price was $2,000,000, and the building comprises 5,630 square feet, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,000,000
- Buyer: Sailesh Gandhi
- Seller: Jeffrey Goldstein
- Broker: Charles Chang - Highcap Group
This transaction was facilitated by Charles Chang, representing the broker Highcap Group, which handled the deal for both the buyer and seller, Sailesh Gandhi and Jeffrey Goldstein, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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