Criterion Group Acquires Development Site In Mount Vernon For $6.3M
SOLD
$6,300,000
New York
See Similar DealsDevelopment Site40,000 SF
Sold 05/01/2023
SOLD
Criterion Group Acquires Development Site In Mount Vernon For $6.3M
50 South Macquesten Parkway
See Similar DealsDevelopment Site40,000 SF
Sold 05/01/2023
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$157
Total Square Footage:40,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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