Guiding Eyes For The Blind Acquires 12-Acre Development Site In Yorktown Heights For $4M
3241 Crompond Rd Yorktown Heights, NY 10598, USA
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 9, 2023
AI
Guiding Eyes for the Blind has acquired a 12-acre development site in Yorktown Heights, NY for $4 million. The property, located at 3241 Crompond Road (Route 202), was sold by Temple Israel of Northern Westchester.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 3241 Crompond Road
- Market: Yorktown Heights
- Buyer: Guiding Eyes For The Blind
- Seller: Temple Israel of Northern Westchester
- Buyer's Rep: William Cuddy Jr & Jacqueline Novotny - CBRE
- Seller's Rep: Garry Klein - Houlihan Lawrence Commercial
The buyer was represented by William Cuddy Jr and Jacqueline Novotny from CBRE, while Garry Klein from Houlihan Lawrence Commercial represented the seller.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93