Jake And Austin Deraaff Acquire Development Site In Westchester For $1M
SOLD
New York
See Similar DealsDevelopment Site30,000 SF
Sold 03/28/2022
SOLD
Jake And Austin Deraaff Acquire Development Site In Westchester For $1M
400 Main Street, Peekskill, New York 10566, United States
See Similar DealsDevelopment Site30,000 SF
Sold 03/28/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$33
Total Square Footage:30,000 SF
Transaction Type:Sale
An development site located at 400 Main St. in Westchester has been sold in a closed transaction. The property, with a market value of $1,000,000, was purchased by Jake Deraaff and Austin Deraaff. The seller in the deal was Phil Miller, and the transaction was facilitated by broker Chaim Lebrecht from Clapton Equities LLC.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $1,000,000
- Address: 400 Main St.
- Market: Westchester
Jake Deraaff and Austin Deraaff were the buyers in this transaction, while Phil Miller was the seller. Representing the buyers was broker Chaim Lebrecht from Clapton Equities LLC. The development site, with a total building square footage of 30,000, was sold at a price of $33 per square foot.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
Is there something missing? Send suggestions