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25 Malcolm X Boulevard, New...

CW Realty Acquires Development Site In Ossining For $3.2M
SOLDDevelopment Site

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

Cheskie Weisz

CW Realty

Buyer

$496.8M

vol

18 deals

Buyer

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