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175 Crossways Park Dr W Woo...

Robert Anton Acquires Office Building At 175 Crossways Park Drive Woodbury For $8.2M
SOLDOffice

Robert Anton Acquires Office Building At 175 Crossways Park Drive Woodbury For $8.2M

175 Crossways Park Dr W Woodbury, NY 11797, USA

$8,200,000

$202/SF

Building Size

40,515 SF

Asset Type

Office

Closing

Jul 21, 2023

AI

175 Crossways Park Drive West, located in Woodbury, has been sold in a recent transaction. The property, categorized as an office, boasts impressive features such as 40,515 square feet of space, 15' ceilings, and a fully sprinklered facility. The turnkey facility is meticulously maintained and ideal for commercial and industrial use. Situated within the prestigious Crossways Office & Industrial Park, this property is surrounded by a vibrant community of national and regional businesses, making it one of Nassau County's most desirable areas. The transaction price for this remarkable property was $8,200,000, at a price of $202 per square foot.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: $8,200,000
  • Square Footage: 40,515
  • Price per Square Foot: $202
  • Address: 175 Crossways Park Drive West, Woodbury
  • Market: Woodbury

Cushman & Wakefield, represented by Daniel Abbondandolo, Joegy Raju, Connor Sullivan, Rob Cullen, Joe Musso, and Victor Little, acted as the seller's representative in this transaction. On the other side, David Hunt from Hunt Corporate Services, Inc. provided representation for the buyer, Robert Anton. For more information about this transaction, please contact TEAMABBONDANDOLO - Capital Markets & Investment Sales, specifically Daniel Abbondandolo, who can be reached at 516-375-6336 or through email at [email protected].

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$509.6M

vol

84 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93