Dan Leibowitz Acquires Industrial Property In Westchester County For $4.15M
521 East 3rd Street, New York City, New York 10009, United States
$4,150,000
$188/SF
Building Size
22,000 SF
Asset Type
Industrial
Closing
Apr 28, 2022
AI
The industrial property located at 521 E. 3rd St. in Westchester County has been sold in a transaction that closed on April 29, 2022. The property spans 22,000 square feet and was sold for a price of $4,150,000, resulting in a price per square foot of $188.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,150,000
- Date: 04/29/2022
- Address: 521 E. 3rd St.
- Market: Westchester County
The buyer of the property is Dan Leibowitz, while the seller is Mikhail Tsinberg. Representing the buyer is Eitan Agbashoff from Greiner-Maltz, and representing the seller are Anthony Watkins and David Algarin from The Oak & Avery Group.
Players
New York 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93