Harry Braunstein Acquires Flex Office/Industrial Building In Roslyn Heights For $2.25M
79 Powerhouse Rd, Roslyn Heights, NY 11577, USA
$2,250,000
$321/SF
Building Size
7,000 SF
Asset Type
Office
Closing
Oct 8, 2019
AI
A free-standing flex building located at 79 Powerhouse Rd in Roslyn Heights has been sold in a closed transaction. The property, delivered vacant, is a flex office/industrial space spanning 7,000 square feet. The sale price for this property was $2,250,000, with an asking price of $2,500,000. The price per square foot (PPSF) comes to $321.
Summary of transaction details
- Property Type: Flex – Office/Industrial
- Transaction Amount: $2,250,000
- Address: 79 Powerhouse Rd
- Market: Roslyn Heights
- Seller: Steve Osman
- Buyer: Harry Braunstein
- Broker: Chip Entwistle – @cbe96 & @leaseorinvest
- Broker: Brian Boker – Schuckman Realty
The buyer, Harry Braunstein, acquired the property from the seller, Steve Osman. Chip Entwistle, representing @cbe96 & @leaseorinvest, and Brian Boker from Schuckman Realty served as brokers in this transaction.
Players
Roslyn Heights 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93