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

Property Image
SOLD
$2,300,000

New York

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Office6,786 SF
Sold 09/15/2025
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Property Image
SOLD

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

675 Old Country Road

See Similar Deals
Office6,786 SF
Sold 09/15/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$338
Total Square Footage:6,786 SF
Transaction Type:Sale

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
38 deals$106.7M volume(516) 439-6789
BROKER

Michael Murphy
Douglas Elliman
23 deals$94.4M volume(631) 858-2460
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Michael Gronenthal & Michael Murphy DATE: 9/15/2025 ADDRESS: 675 Old Country Road MARKET: Westbury ASSET TYPE: Office BUYER: Choudhry Franzoni SELLER: Pryor Mandelup BROKERS: Michael Gronenthal (@Michael.Gronenthal) & Michael Murphy (@murfcommercialre) - Douglas Elliman (@DouglasEllimanCommercialli) SALE PRICE: $2,300,000 SF: 6,786 ~ PPSF: $338

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08