Morrin & Sands Acquires Southern Nassau County Office Building For $1.1M
422 Bedford Avenue, Bellmore, New York 11710, United States
$1,100,000
$220/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Feb 28, 2022
AI
The office property located at 422 Bedford Ave. in Southern Nassau County was recently sold for $1,100,000. The property spans 5,000 square feet, resulting in a price per square foot of $220. The sale took place on March 1, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,100,000
- Address: 422 Bedford Ave.
- Market: Southern Nassau County
The buyer of the property was Morrin & Sands, and the seller was James Mott. The seller was represented by Michael Rosenfeld and Maxx Rochlin from The Rochlin Organization, as well as Ben Indiviglia from Douglas Elliman.
These key individuals and companies played crucial roles in facilitating the transaction.
Players
Bellmore 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93