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0 West Farms Road

17-Acre Farmingdale Land At 0 West Farms Rd Sells For $1.6M With Buyer's & Seller's Reps
SOLDDevelopment Site

17-Acre Farmingdale Land At 0 West Farms Rd Sells For $1.6M With Buyer's & Seller's Reps

0 West Farms Road

$1,600,000

Building Size

Asset Type

Development Site

Closing

Feb 26, 2024

AI

A 17-acre land parcel at 0 West Farms Road in Farmingdale was recently sold for $1.6 million.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,600,000
  • Address: 0 West Farms Road
  • Market: Farmingdale

Aleksandr Pritsker from EXP Realty represented the buyer in the transaction, while Menachem Lefkowitz from Crossroads Realty Sapphire Group represented the seller.

Players

Aleksandr Pritsker

EXP Realty

Broker

$9.6M

vol

4 deals

Broker

Howell Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93