Dan Leibowitz Acquires Industrial Property In Westchester County For $4.15M
SOLD
$4,150,000
New York
See Similar DealsIndustrial22,000 SF
Sold 04/29/2022
SOLD
Dan Leibowitz Acquires Industrial Property In Westchester County For $4.15M
521 East 3rd Street, New York City, New York 10009, United States
See Similar DealsIndustrial22,000 SF
Sold 04/29/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:22,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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