66 Willow Avenue LLC Acquires Office Property In Rosebank, Staten Island For $8.6M
66 Willow Avenue, Rosebank, Staten Island, NY, USA
$8,600,000
$198/SF
Building Size
43,408 SF
Asset Type
Office
Closing
Aug 25, 2021
About this deal
AI
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.
Players
New York 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93