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485 Merrick Rd, Rockville C...

Steven Birbach Acquires Office Building In Rockville Centre, Long Island For $2.05M
SOLDOffice

Steven Birbach Acquires Office Building In Rockville Centre, Long Island For $2.05M

485 Merrick Rd, Rockville Centre, NY 11570, USA

$2,050,000

$683/SF

Building Size

3,000 SF

Asset Type

Office

Closing

Sep 22, 2020

AI

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.

Players

Michael Kook

Marcus & Millichap

Broker

$98.7M

vol

13 deals

Broker

Rockville Centre 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93