2 Alpine Ct
2 Alpine Ct, Spring Valley, NY, 10977
Building Size
65,000 SF
Asset Type
Industrial
Closing
Sep 1, 2015
AI
The property located at 2 Alpine Ct, Spring Valley, NY, 10977 is a 65,000 square foot leased space in the Spring Valley market. The property has recently been leased, adding to the dynamics of the local real estate landscape.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2 Alpine Ct, Spring Valley, NY, 10977
- Market: Spring Valley
- Tenant: Weiss Realty
- Landlord: Murray Construction
- Tenant's Representative: Dean Brody, Howard Weinberg - JLL
- Landlord's Representative: Brian Fitzsimons - Murray Construction
- Square Feet: 65,000
This transaction involved key representatives, including Howard Weinberg and Dean Brody of JLL, who represented Weiss Realty as the tenant. Brian Fitzsimons acted as the in-house representative for the landlord, Murray Construction, ensuring a smooth process throughout the leasing agreement.
Players
Spring Valley Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93