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7 Lawrence Hill Rd, Hunting...

Douglas Elliman Commercial Brokers Facilitate $1.6M Office Sale In Huntington
SOLDOffice

Douglas Elliman Commercial Brokers Facilitate $1.6M Office Sale In Huntington

7 Lawrence Hill Rd, Huntington, NY 11743, USA

$1,675,000

$279/SF

Building Size

6,000 SF

Asset Type

Office

Closing

Mar 12, 2020

AI

Located at 7 Lawrence Hill Rd in Huntington, this office property has recently been sold. The transaction took place on March 13, 2020, with a sale price of $1,675,000. The property spans across 6,000 square feet, resulting in a price per square foot of $279.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $1,675,000
  • Address: 7 Lawrence Hill Rd
  • Market: Huntington

The seller of this office property was Kristian Agoglia, while Vincent Gandolfo acted as the buyer. The deal was facilitated by Michael Murphy and Matthew Gault from Douglas Elliman Commercial, who represented the parties involved in the transaction.

Players

Matthew Gault

Marcus & Millichap

Broker

$25.9M

vol

4 deals

Broker

Huntington 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93