Derek Czoch Acquires Office Building In Valley Stream For $815,000
5 Sunrise Plaza, Valley Stream, New York 11580, United States
$815,000
$163/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Jan 11, 2021
About this deal
AI
The office property located at 5 Sunrise Plaza in Valley Stream has been sold in a recent transaction. The sale was facilitated by broker Michael Steinberg from Empire Business Management. The buyer, Derek Czoch, purchased the property from seller Dr. Mark Zimmer for a total price of $815,000. The property spans 5,000 square feet, resulting in a price per square foot of $163.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $815,000
- Address: 5 Sunrise Plaza
- Market: Valley Stream
- Buyer: Derek Czoch
- Seller: Dr. Mark Zimmer
- Broker: Michael Steinberg - Empire Business Management
- Square Footage: 5,000
- Price per Square Foot: $163
This transaction showcases the successful collaboration between buyer Derek Czoch, seller Dr. Mark Zimmer, and broker Michael Steinberg from Empire Business Management. The sale of this office property at 5 Sunrise Plaza in Valley Stream for a price of $815,000 demonstrates the value of the property and reflects the current market conditions.
Players
Valley Stream 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
19.46%
Cash-on-Cash
-5.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93