Rodriguez Family Acquires Development Site In Ossining For $800,000
SOLD
$800,000
New York
See Similar DealsMultiFamily38,551 SF
Sold 05/13/2024
SOLD
Rodriguez Family Acquires Development Site In Ossining For $800,000
61-63 Croton Avenue
See Similar DealsMultiFamily38,551 SF
Sold 05/13/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$20
Total Square Footage:38,551 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90
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