Rodriguez Family Acquires Development Site In Ossining For $800,000
61-63 Croton Avenue
$800,000
$20/SF
Building Size
38,551 SF
Asset Type
MultiFamily
Closing
May 13, 2024
AI
The development site located at 61-63 Croton Avenue in Ossining was sold for $800,000. Spanning 38,551 square feet, the property was acquired at a price per square foot of $21. The transaction took place on 05/13/2024.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $800,000
- Buyer: Rodriguez Family
- Seller: Chris Chu
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
- Address: 61-63 Croton Avenue, Ossining
- Market: Ossining
The deal was facilitated by Matthew Barbaccia from Brix Real Estate Advisors. The Rodriguez Family served as the buyers, while Chris Chu acted as the seller in this property transaction.
Ossining MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93