Updated Oct 28, 2024
101 Holdings Sells Cedarhurst Development Site For $2.8M With Seller's Rep Booth Capital Advisors
570 Peninsula Blvd, Cedarhurst, NY, USA
$2,800,000
$85/SF
Building Size
32,650 SF
Asset Type
Development Site
Closing
Nov 3, 2021
About this deal
AI
An development site located at 560-570 Peninsula Blvd. in Cedarhurst, was recently sold for a total price of $2,800,000. The property has a buildable square footage (BSF) of 32,650, which translates to a price per buildable square foot (PPBSF) of $85. The sale transaction took place on November 3, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $2,800,000
- Address: 560-570 Peninsula Blvd.
- Market: Cedarhurst
- Buildable Square Footage (BSF): 32,650
- Price per Buildable Square Foot (PPBSF): $85
The seller of the development site is 101 Holdings, represented by Michael Ashkenazy. The seller's representatives in the transaction were Brian Agus and Bruce Herman from Booth Capital Advisors.
On the Map
$2,800,000
$85/SF
Development Site
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Cedarhurst 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93