Updated Oct 28, 2024
Denholtz Properties & Investcorp Acquire Industrial Property In Nyack For $52M
250 West Street, Nyack, NY, USA
$52,000,000
$215/SF
Building Size
241,696 SF
Asset Type
Industrial
Closing
Dec 3, 2021
About this deal
AI
Denholtz Properties & Investcorp have acquired an industrial property located at 250 West Nyack in Nyack. The transaction took place on December 3, 2021, with Turnbridge Equities as the seller. The property spans 241,696 square feet and is situated in the Nyack market. The sale price amounted to $52,000,000, resulting in a price per square foot of $215.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $52,000,000
- Address: 250 West Nyack
- Market: Nyack
The deal was facilitated by JLL, with Jordan Avanzato, Marc Duval, Nick Stefans, Tyler Peck, Jose Cruz, and Andrew Scandalios representing both the buyer and the seller. Denholtz Properties & Investcorp enlisted the services of Jordan Avanzato, Marc Duval, Nick Stefans, Tyler Peck, Jose Cruz, and Andrew Scandalios from JLL to navigate the transaction.
Players
Nyack 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93