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40 Oak Drive

Sailesh Gandhi Acquires Office At 40 Oak Drive In Syosset For $2 Million With Charles Chang As The Broker
SOLDOffice

Sailesh Gandhi Acquires Office At 40 Oak Drive In Syosset For $2 Million With Charles Chang As The Broker

40 Oak Drive

$2,000,000

$355/SF

Building Size

5,630 SF

Asset Type

Office

Closing

Sep 16, 2025

AI

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.

Players

Charles Chang

Highcap Group

Broker

$151M

vol

13 deals

Broker
Highcap Group
Highcap GroupBrokerage

Syosset 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93