Updated Oct 29, 2024
Amara Inc. Acquires Industrial Property In Congers, NY For $6.5M
25 Hemlock Drive, Congers, NY, USA
$6,500,000
$81/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jan 31, 2021
About this deal
AI
An industrial property located at 25 Hemlock in Congers, NY has been sold. The property spans 80,000 square feet and was sold for $6,500,000, resulting in a price per square foot of $81. The transaction took place on February 1, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Address: 25 Hemlock, Congers, NY
- Market: Congers, NY
The buyer of the property is Amara Inc., while the seller is Arc Capital Partners. The deal was facilitated by brokers Jose Cruz, Jordan Avanzato, Marc Duval, and Frank Recine from JLL.
On the Map
$6,500,000
$81/SF
Industrial
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Players
Congers Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93