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.
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