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595 Chestnut Ridge Road

Sze Chan Purchases Office Property At 595 Chestnut Ridge Road For $5,060,000
SOLDOffice

Sze Chan Purchases Office Property At 595 Chestnut Ridge Road For $5,060,000

595 Chestnut Ridge Road

$5,060,000

$300/SF

Building Size

16,850 SF

Asset Type

Office

Closing

Mar 19, 2026

AI

The property asset involved in this transaction is an office located at 595 Chestnut Ridge Road, Woodcliff Lake. The asset comprises a total of 16,850 square feet, and the transaction was completed at a sale price of $5,060,000, resulting in a price per unit of $632,500 and a price per square foot of $300.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,060,000
  • Units: 8
  • Square Footage: 16,850
  • Price Per Unit: $632,500
  • Price Per Square Foot: $300
  • Buyer: Sze Chan
  • Seller: Eric Linden
  • Buyer's Representative: Miriam Yu & Nini Wong - Coldwell Banker
  • Seller's Representative: Steven Gurton - R New York

This transaction highlights the key roles of the involved representatives, with Miriam Yu and Nini Wong serving as the buy-side representatives from Coldwell Banker, while Steven Gurton represented the seller from R New York. Their involvement was crucial in facilitating the negotiation and completion of this deal.

Players

Steven Gurton

R New York

Broker

$22.9M

vol

7 deals

Broker

Woodcliff Lake 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

3.13%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93