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521 East 3rd Street, New Yo...

Dan Leibowitz Acquires Industrial Property In Westchester County For $4.15M
SOLDIndustrial

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

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker
David Algarin
Verified Badge

David Algarin

Oak & Avery Group

Broker

$100.8M

vol

27 deals

Broker

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