Sunday Hospitality Acquires Development Site In Piermont For $1.05M
675 Piermont Avenue
$1,050,000
$60/SF
Building Size
17,424 SF
Asset Type
Development Site
Closing
Nov 18, 2022
AI
A development site located at 675 Piermont Avenue in Piermont has been sold for a price of $1,050,000. The property spans a total of 17,424 square feet, resulting in a price per square foot of $60. The transaction took place on November 18, 2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Address: 675 Piermont Avenue
- Market: Piermont
The buyer in this deal is Sunday Hospitality, represented by Adam Landsman. On the other side, the seller is William Dee. The transaction was facilitated by Brian Whelan and Alix Curtin from B6 Real Estate Advisors.
Players
Piermont 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93