66 Willow Avenue LLC Acquires Office Property In Rosebank, Staten Island For $8.6M
SOLD
$8,600,000
New York
See Similar DealsOffice43,408 SF
Sold 08/26/2021
SOLD
66 Willow Avenue LLC Acquires Office Property In Rosebank, Staten Island For $8.6M
66 Willow Avenue, Rosebank, Staten Island, NY, USA
See Similar DealsOffice43,408 SF
Sold 08/26/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$198
Total Square Footage:43,408 SF
Transaction Type:Sale
Located at 66 Willow Avenue in Rosebank, Staten Island, this office property was recently sold in a closed transaction. The property spans 43,408 square feet and was purchased by 66 Willow Avenue LLC for a total price of $8,600,000. The price per square foot for the transaction was $198.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $8,600,000
- Address: 66 Willow Avenue
- Market: Rosebank, Staten Island
- Square Footage: 43,408
The buyer, 66 Willow Avenue LLC, acquired this office property from the seller, Raymond Masucci. The deal was successfully completed, and the property changed hands at the specified price. Both parties involved in the transaction were represented by their respective brokers.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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