Jeff Levine Acquires Great Neck Office Building For $13M From Seller Wharton Properties
907 Northern Boulevard, New York 11030, United States
$13,000,000
$1,331/SF
Building Size
9,763 SF
Asset Type
Office
Closing
Apr 5, 2022
About this deal
AI
An office property located at 907 Northern Blvd in Great Neck has been recently sold for a price of $13,000,000. The property spans a total area of 9,763 square feet, resulting in a price per square foot of $1,331. The transaction took place on April 6, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,000,000
- Address: 907 Northern Blvd
- Market: Great Neck
- Buyer: Jeff Levine
- Seller: Wharton Properties - Jeff Sutton
- Buyer's Representative: David Leibowitz - Investment Real Estate Associates
- Seller's Representatives: Jordan Sutton, Chris Sheldon, and Robert Shapiro - Cushman & Wakefield
- Square Footage: 9,763
- Price per Square Foot: $1,331
Jeff Levine was the buyer in this transaction, while Wharton Properties represented by Jeff Sutton acted as the seller. David Leibowitz from Investment Real Estate Associates served as the buyer's representative, and the seller was represented by Jordan Sutton, Chris Sheldon, and Robert Shapiro from Cushman & Wakefield. These individuals and companies played key roles in facilitating the deal.
On the Map
$13,000,000
$1,331/SF
Office
View full map
Players
Great Neck Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Chris Sheldon to view all their deals.
Browse Great Neck office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93