Gurpreet Singh Acquires Development Site In Rosedale For $3M
240-10 Merrick Boulevard
$3,000,000
$125/SF
Building Size
24,000 SF
Asset Type
Development Site
Closing
May 24, 2024
AI
The Development Site located at 240-10 Merrick Boulevard in Rosedale was successfully sold for $3,000,000. Spanning 24,000 square feet, the property was acquired at a price of $125 per square foot.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Buyer: Gurpreet Singh
- Seller: Daniel Cohen
- Brokers: Raj Whadwa & Mani Nagpal - Global Realty Services
- Address: 240-10 Merrick Boulevard
- Market: Rosedale
Raj Whadwa and Mani Nagpal from Global Realty Servicesfacilitated the transaction, representing the buyer and seller respectively.
Players
Rosedale 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93