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525 555 Landmark LLC Acquires 3.4 Acres Of Land From Long Clove Business Park For $60M

Property Image
SOLD
$60,000,000

New York

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Land
Sold 05/28/2026
the dealdetailscomps
Property Image
SOLD

525 555 Landmark LLC Acquires 3.4 Acres Of Land From Long Clove Business Park For $60M

525 Landmark Drive, 535 Landmark Drive, 545 Landmark Drive & 555 Landmark Drive

See Similar Deals
Land
Sold 05/28/2026
the dealdetailscomps

Summary

NEW YORK
Asset Type:Land
Transaction Type:Sale
Four vacant industrial parcels totaling 3.4 acres located at 525, 535, 545, and 555 Landmark Drive in Congers have been sold for $60,000,000. The sale reflects a price per acre of $17,647,059, facilitated by the transfer from Long Clove Business Park to the buyer, 525 555 Landmark LLC.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $60,000,000
  • Acres: 3.4
  • Address: 525 Landmark Drive, 535 Landmark Drive, 545 Landmark Drive & 555 Landmark Drive
  • Market: Congers
  • Buyer: 525 555 Landmark LLC
  • Seller: Long Clove Business Park
  • PPA: $17,647,059
This transaction involves 525 555 Landmark LLC, which is connected to ECD NY Inc., indicating the involvement of a well-established entity in the acquisition of these industrial parcels. The sale represents a strategic move in the commercial real estate market within the Congers area.

Players

LP
Long Clove Business Park
BUYER

Details

SOLD
IMAGE: 05/28/2026 ADDRESS: 525 Landmark Drive, 535 Landmark Drive, 545 Landmark Drive & 555 Landmark Drive MARKET: Congers ASSET TYPE: Land - ACRES: 3.4 BUYER: 525 555 Landmark LLC SELLER: Long Clove Business Park SALE PRICE: $60,000,000 ACRES: 3.4 ~ PPA: $17,647,059 NOTE: Four vacant industrial parcels totaling 3.4 acres at 525–555 Landmark Drive in Congers sold for $6 million from Long Clove Business Park Corp. to 525 555 Landmark LLC, an entity tied to ECD NY Inc.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33