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675 Old Country Road

Choudhry Franzoni Purchases Office At 675 Old Country Road From Pryor Mandelup For $2.3M
SOLDOffice

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

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.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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