Dr. Amiya Prasad Acquires Garden City Office For $1.11M
901 Stewart Avenue, Garden City, New York 11530, United States
$1,110,000
$207/SF
Building Size
5,339 SF
Asset Type
Office
Closing
Dec 23, 2022
AI
The sale of an office property in Garden City has been concluded at 901 Stewart Avenue. The transaction took place on December 24, 2021. The property, spanning 5,339 square feet, was sold for $1,110,000, resulting in a price per square foot of $207.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,110,000
- Address: 901 Stewart Avenue
- Market: Garden City
The buyer in this transaction was Dr. Amiya Prasad, while the seller was Dr. Lokita Singh. Representing the buyer were Chris Pappas from Compass and Stuart Bayer from Douglas Elliman.
Players
Garden City 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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93