Douglas Elliman Commercial Brokers Facilitate $1.6M Office Sale In Huntington
SOLD
$1,675,000
New York
See Similar DealsOffice6,000 SF
Sold
SOLD
Douglas Elliman Commercial Brokers Facilitate $1.6M Office Sale In Huntington
7 Lawrence Hill Rd, Huntington, NY 11743, USA
See Similar DealsOffice6,000 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$279
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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