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
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