Amara Inc. Acquires Industrial Property In Congers, NY For $6.5M
SOLD
$6,500,000
New York
See Similar DealsIndustrial80,000 SF
Sold 02/01/2021
SOLD
Amara Inc. Acquires Industrial Property In Congers, NY For $6.5M
25 Hemlock Drive, Congers, NY, USA
See Similar DealsIndustrial80,000 SF
Sold 02/01/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$81
Total Square Footage:80,000 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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