Sunday Hospitality Acquires Development Site In Piermont For $1.05M
SOLD
$1,050,000
New York
See Similar DealsDevelopment Site17,424 SF
Sold 11/18/2022
SOLD
Sunday Hospitality Acquires Development Site In Piermont For $1.05M
675 Piermont Avenue
See Similar DealsDevelopment Site17,424 SF
Sold 11/18/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$60
Total Square Footage:17,424 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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