Westpark Group Leases 8325 SF Space At 3000 Westchester Ave, Purchase
3000 Westchester Ave, Purchase, NY...
Building Size
8,325 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 3000 Westchester Ave, Purchase, NY is a commercial space spanning 8,325 square feet. The lease transaction involved the landlord, Simone Development Companies, and the tenant, Westpark Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Address: 3000 Westchester Ave, Purchase, NY
- Market: Purchase
- Landlord’s Rep: Kevin McCarthy (CBRE), Michael (Mike) McCarthy (Horvath & Tremblay)
- Tenant: Westpark Group
- Landlord: Simone Development Companies
- Square Feet: 8,325
Kevin McCarthy of CBRE and Michael (Mike) McCarthy from Horvath & Tremblay represented the landlord in this leasing transaction at 3000 Westchester Ave, Purchase, NY.
Players
Purchase CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93