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Guiding Eyes For The Blind Acquires 12-Acre Development Site In Yorktown Heights For $4M
SOLD
$4,000,000
New York
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Sold
SOLD
Guiding Eyes For The Blind Acquires 12-Acre Development Site In Yorktown Heights For $4M
3241 Crompond Rd Yorktown Heights, NY 10598, USA
See Similar DealsDevelopment Site
Sold
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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