CW Realty Acquires Development Site In Ossining For $3.2M
25 Malcolm X Boulevard, New York, NY, USA
$3,200,000
$17/SF
Building Size
185,000 SF
Asset Type
Development Site
Closing
Nov 22, 2021
AI
The property asset involved in the transaction is a development site located at 25 North Malcom X Blvd, Ossining. It was sold for $3,200,000, encompassing a total area of 185,000 square feet, with a price per square foot of $17.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,200,000
- Buyer: CW Realty - Cheskie Weisz & Daniel Martin
- Seller: Daughters Of The British Empire
- BSF: 185,000
- PPBSF: $17
The transaction involved key individuals Cheskie Weisz and Daniel Martin representing the buyer, CW Realty, while the seller was represented by Daughters Of The British Empire. The property also includes the Victoria Nursing home and development land, highlighting its substantial square footage.
Players
New York 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93