Choudhry Franzoni Purchases Office At 675 Old Country Road From Pryor Mandelup For $2.3M
675 Old Country Road
$2,300,000
$338/SF
Building Size
6,786 SF
Asset Type
Office
Closing
Sep 14, 2025
About this deal
AI
The property asset involved in this transaction is located at 675 Old Country Road in the Westbury market. This office space encompasses 6,786 square feet and was sold for a transaction amount of $2,300,000, resulting in a price per square foot of $338.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,300,000
- Address: 675 Old Country Road
- Market: Westbury
- Square Footage: 6,786
- Price per Square Foot: $338
- Buyer: Choudhry Franzoni
- Seller: Pryor Mandelup
- Brokers: Michael Gronenthal & Michael Murphy - Douglas Elliman
This transaction features key individuals including buyer Choudhry Franzoni and seller Pryor Mandelup, with representation by brokers Michael Gronenthal and Michael Murphy from Douglas Elliman, who facilitated the deal on behalf of the respective parties.
On the Map
$2,300,000
$338/SF
Office
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Players
Westbury 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93