Excel Capital Corp. Acquires Office Property On Hempstead Ave In Central Nassau County For $5.55M
60 Hempstead Avenue, West Hempstead, New York 11552, United States
$5,550,000
$67/SF
Building Size
82,000 SF
Asset Type
Office
Closing
Dec 8, 2021
AI
An office property located at 60 Hempstead Avenue in Central Nassau County has been sold for a total of $5,550,000. The property spans an area of 82,000 square feet, resulting in a price per square foot of $67. The transaction took place on December 8, 2021. The buyer in this sale was Excel Capital Corp., represented by Nancy Bokhour. The seller was Lighthouse Real Estate Ventures Inc., represented by Paul Cooper. The brokers involved in the deal were Adam Rochlin, Michael Levenstein, Michael Rosenfeld, and Maxx Rochlin of The Rochlin Organization, along with Lawrence Smoler of Two Bridges Capital Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,550,000
- Address: 60 Hempstead Avenue
- Market: Central Nassau County
The sale of the office property at 60 Hempstead Avenue was facilitated by Adam Rochlin, Michael Levenstein, Michael Rosenfeld, and Maxx Rochlin of The Rochlin Organization, in collaboration with Lawrence Smoler of Two Bridges Capital Partners. Nancy Bokhour represented the buyer, Excel Capital Corp., while Paul Cooper represented the seller, Lighthouse Real Estate Ventures Inc.
Players
West Hempstead 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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93