Updated Jan 30, 2026
Purvish Patel Acquires Office Building At 8829 New Falls Road For $3.5M With Maxim Shtraus As Buyer's Representative
8829 New Falls Road
$3,500,000
$318/SF
Building Size
11,000 SF
Asset Type
Office
Closing
Dec 3, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 8829 New Falls Road in the Fallsington market. The sale price for this property was $3,500,000. The building encompasses an area of 11,000 square feet, equating to a price per square foot of $318.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,500,000
- Address: 8829 New Falls Road
- Market: Fallsington
- Square Footage: 11,000 SF
- Price Per Square Foot: $318
- Buyer: Purvish Patel
- Seller: Brian Trematore
- Buyer's Representative: Maxim Shtraus - Elite Realty Group Unl. Inc.
The key individuals involved in this deal include buyer Purvish Patel and seller Brian Trematore. Maxim Shtraus, representing the buyer, is affiliated with Elite Realty Group Unl. Inc.
Levittown 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93