facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

Yitz Klein & Rabbi Harry Ro...

Updated Dec 4, 2023

Yitz Klein & Rabbi Harry Rozenberg Acquire Hudson Valley Farm For $2.5M
SOLDDevelopment Site

Yitz Klein & Rabbi Harry Rozenberg Acquire Hudson Valley Farm For $2.5M

$2,500,000

$1/SF

Building Size

2,400,000 SF

Asset Type

Development Site

Closing

Sep 14, 2023

About this deal

AI

A farm and development property located in Hudson Valley/Jeffersonville has been sold for $2,500,000. The property spans an impressive 2,400,000 square feet, equating to a price per square foot of $1. The buyers, Yitz Klein and Rabbi Harry Rozenberg, have expressed their intentions to transform the property into a tiny home affordable rental community, with a focus on co-living. The active farm will serve as a centerpiece for the community.

Summary of transaction details

  • Property Type: Farm/Development/Co-Living
  • Transaction Amount: $2,500,000
  • Square Footage: 2,400,000
  • Price per Square Foot: $1
  • Market: Hudson Valley/Jeffersonville

The buyers, Yitz Klein and Rabbi Harry Rozenberg, are associated with KeefX.co and Trippy.vc. KeefX.co specializes in empowering the plant medicine market through alternative investment opportunities. Together, they plan to create a community that offers affordable rentals in tiny homes, with a special emphasis on co-living. The active farm on the property will play a crucial role in fostering community engagement and providing additional amenities for the residents.

Players

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Deal FAQ

About $1 per square foot on a published $2.5M for 2,400,000 square feet (2023).

Browse New York development site sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals