Steven Birbach Acquires Office Building In Rockville Centre, Long Island For $2.05M
SOLD
$2,050,000
New York
See Similar DealsOffice3,000 SF
Sold 09/23/2020
SOLD
Steven Birbach Acquires Office Building In Rockville Centre, Long Island For $2.05M
485 Merrick Rd, Rockville Centre, NY 11570, USA
See Similar DealsOffice3,000 SF
Sold 09/23/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$683
Total Square Footage:3,000 SF
Transaction Type:Sale
Located at 485 Merrick Road in Rockville Centre, Long Island, this office property was recently sold in a closed transaction. The sale was facilitated by broker Michael Kook from Marcus & Millichap. The property spans 3,000 square feet and was sold for a price of $2,050,000, resulting in a price per square foot of $683.
Summary of transaction details:
- Property Type: Office
- Sale Price: $2,050,000
- Square Footage: 3,000
- Price per Square Foot: $683
- Address: 485 Merrick Road, Rockville Centre, Long Island
- Market: Rockville Centre, Long Island
Steven Birbach acted as the buyer in this transaction, while Judah Wernick was the seller. Representing the deal was Michael Kook from Marcus & Millichap, who played the role of broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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