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
About this deal
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.
On the Map
$2,050,000
$683/SF
Office
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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