Updated Oct 29, 2024
Abra Construction Acquires Industrial Property In Mount Kisco For $4.55M
92 South Moger Avenue, Mount Kisco, NY, USA
$4,550,000
$505/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
Feb 11, 2021
About this deal
AI
A industrial property located at 92 South Moger Avenue in Mount Kisco has been sold. The property, measuring 9,000 square feet, was sold for a price of $4,550,000, resulting in a price per square foot of $506. The transaction took place on February 12, 2021, with a capitalization rate of 5.5%. The property was purchased by Abra Construction from the seller, Vorea.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,550,000
- Address: 92 South Moger Avenue
- Market: Mount Kisco
The deal was facilitated by Stephen R. Preuss, Andreas Efthymiou, and Kevin Schmitz of Team Preuss at Bushwack. Additionally, Mast Brothers Chocolate is listed as the tenant for the acquired property.
On the Map
$4,550,000
$505/SF
Industrial
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Players
Mount Kisco 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93