SOLDLand
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
$60,000,000
Building Size
—
Asset Type
Land
Closing
May 28, 2026
AI
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
Tariff Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93