Valley East Properties Acquires Office Properties In Central Nassau County & Western Suffolk For $25M
400 Post Avenue, Westbury, NY, USA
$25,000,000
$168/SF
Building Size
148,000 SF
Asset Type
Office
Closing
Nov 8, 2021
About this deal
AI
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
Westbury 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93