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
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