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Valley East Properties Acquires Office Properties In Central Nassau County & Western Suffolk For $25M

Property Image
SOLD
$25,000,000

New York

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Office148,000 SF
Sold 11/09/2021
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Property Image
SOLD

Valley East Properties Acquires Office Properties In Central Nassau County & Western Suffolk For $25M

400 Post Avenue, Westbury, NY, USA

See Similar Deals
Office148,000 SF
Sold 11/09/2021
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$168
Total Square Footage:148,000 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 400 Post Avenue & 255 Executive Drive in Central Nassau County & Western Suffolk. The property spans approximately 148,000 square feet and was sold for $25,000,000, resulting in a price per square foot of $168. The seller of the property was The Holiday Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $25,000,000
  • Address: 400 Post Avenue & 255 Executive Drive
  • Market: Central Nassau County & Western Suffolk
  • Square Footage: 148,000
  • Price per Square Foot: $168

The buyer of the property is Valley East Properties, represented by Jeffrey Supinsky and Bob Agahi. The deal was facilitated by brokers Adam Rochlin, Marc Berkowitz, and Maxx Rochlin from The Rochlin Organization.

Players

Adam Rochlin
7 deals$94.9M volume(516) 441-7373
BROKER

Marc Berkowitz
The Rochlin Organization
2 deals$28.4M volume
BROKER

Maxx Rochlin
The Rochlin Organization
7 deals$46.7M volume
BROKER

Details

SOLD
IMAGE: Adam Rochlin, Bob Agahi, Marc Berkowitz, Jeffrey Supinsky & Maxx Rochlin DATE: 11/09/2021 ADDRESS: 400 Post Avenue & 255 Executive Drive MARKET: Central Nassau County & Western Suffolk ASSET TYPE: Office BUYER: Valley East Properties - Jeffrey Supinsky & Bob Agahi SELLER: The Holiday Organization BROKERS: Adam Rochlin, Marc Berkowitz & Maxx Rochlin - The Rochlin Organization SALE PRICE: $25,000,000 SF: 148,000 ~ PPSF: $168

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
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