Pegasus Investment Partners Acquires Rossville Self-Storage For $31M
SOLD
$31,000,000
New York
See Similar Deals140,830 SF
Sold 06/02/2022
SOLD
Pegasus Investment Partners Acquires Rossville Self-Storage For $31M
2601 Veterans Road West, Staten Island, New York 10309, United States
See Similar Deals140,830 SF
Sold 06/02/2022
Summary
NEW YORK
Price Per Square Foot:$220
Total Square Footage:140,830 SF
Transaction Type:Sale
The self-storage property located at 2601 Veterans Road West in Rossville has been sold for a price of $31,000,000. Spanning across a total area of 140,830 square feet, the property was sold at an approximate price per square foot of $220. The transaction occurred on 06/02/2022.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: $31,000,000
- Address: 2601 Veterans Road West, Rossville
- Market: Rossville
- Buyer: Pegasus Investment Partners
- Seller: Abingdon Square Partners
Ken Chasin & David B. Chasin represented the property during the sale as the buyer's representatives. No additional information regarding the deal's key individuals and companies was provided.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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