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20 Deerpath Road

Robert Sameyah Of Clews Capital Purchases Development Site From Jonathan Nad For $1.25M In Roslyn Heights
SOLDDevelopment Site

Robert Sameyah Of Clews Capital Purchases Development Site From Jonathan Nad For $1.25M In Roslyn Heights

20 Deerpath Road

$1,250,000

$113/SF

Building Size

11,008 SF

Asset Type

Development Site

Closing

Feb 24, 2025

AI

The development site located at 20 Deerpath Road in the Roslyn Heights market has been sold for a total of $1,250,000. The property measures 3,963 BSF, translating to a price of $315 per BSF. Additionally, the site encompasses 11,008 square feet, which equates to a price of $113 per square foot.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,250,000
  • Buyer: Robert Sameyah - Clews Capital
  • Seller: Jonathan Nad
  • BSF: 3,963
  • PPBSF: $315
  • SF: 11,008
  • PPSF: $113

In this transaction, Robert Sameyah represents Clews Capital, which is actively pursuing opportunistic and value-add investment strategies throughout the New York Metro area. Jonathan Nad is the seller involved in this deal.

Players

Clews Capital
Clews CapitalBrokerage

Robert Sameyah

Clews Capital

Buyer

$13.4M

vol

3 deals

Buyer

Roslyn Heights Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93