Criterion Group Acquires Development Site In Mount Vernon For $6.3M
50 South Macquesten Parkway
$6,300,000
$157/SF
Building Size
40,000 SF
Asset Type
Development Site
Closing
May 1, 2023
AI
A development site located at 50 South Macquesten Parkway in Mount Vernon has been sold for a total price of $6,300,000. The property spans an area of approximately 40,000 square feet, resulting in a price per square foot of $158.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,300,000
- Address: 50 South Macquesten Parkway, Mount Vernon
- Market: Mount Vernon
The buyer in this transaction is the Criterion Group, while the broker representing them is Ayall Schanzer from Greiner-Maltz Real Estate.
Players
Market 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93