Morrin & Sands Acquires Southern Nassau County Office Building For $1.1M
SOLD
$1,100,000
New York
See Similar DealsOffice5,000 SF
Sold 03/01/2022
SOLD
Morrin & Sands Acquires Southern Nassau County Office Building For $1.1M
422 Bedford Avenue, Bellmore, New York 11710, United States
See Similar DealsOffice5,000 SF
Sold 03/01/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$220
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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