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3000 Westchester Ave, Purch...

Westpark Group Leases 8325 SF Space At 3000 Westchester Ave, Purchase
LEASED

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

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

Michael McCarthy

Horvath & Tremblay

Broker

$3M

vol

2 deals

Broker
CBRE
CBREBrokerage

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