Updated Sep 9, 2024
James Boniello Acquires Development Site In Yorktown Heights For $2.2M With Broker Reps Thomas Gorman Jr., Michael Scrima & Sean Campbell
2040 Crompond Road
$2,200,000
$71/SF
Building Size
30,725 SF
Asset Type
Development Site
Closing
Feb 8, 2023
About this deal
AI
A development site located at 2040 Crompond Road in Yorktown Heights has been sold in a recent transaction. The property spans 30,725 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $72.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $2,200,000
- Square Footage: 30,725
- Price per Square Foot: $72
- Address: 2040 Crompond Road, Yorktown Heights
The buyer of the property is James Boniello, while Kyle Devito served as the seller. The deal was facilitated by Thomas Gorman Jr., Michael Scrima, and Sean Campbell from Redwood Realty Advisors, who represented both parties in the transaction.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Campbell to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93