CW Realty Acquires Development Site In Ossining For $3.2M
SOLD
$3,200,000
New York
See Similar DealsDevelopment Site185,000 SF
Sold 11/22/2021
SOLD
CW Realty Acquires Development Site In Ossining For $3.2M
25 Malcolm X Boulevard, New York, NY, USA
See Similar DealsDevelopment Site185,000 SF
Sold 11/22/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$17
Total Square Footage:185,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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