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Cosentino Development Group Acquires Office Asset In Woodbury From CLK Properties For $5M

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SOLD
$5,000,000

New York

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Office26,094 SF
Sold 11/06/2024
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Property Image
SOLD

Cosentino Development Group Acquires Office Asset In Woodbury From CLK Properties For $5M

240 Crossways Park Drive

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Office26,094 SF
Sold 11/06/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$191
Total Square Footage:26,094 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 240 Crossways Park Drive West in Woodbury and is classified as an office space. The sale price for the property was $5,000,000, encompassing a total area of 26,094 square feet, resulting in a price per square foot of $191.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Buyer: Cosentino Development Group
  • Seller: CLK Properties
  • Lender: First National Bank of Long Island
  • Loan Amount: $2,000,000
  • Loan Type: Acquisition
  • Brokers for Sale: Thomas Donovan & Tommy Lin - Meridian Capital Group
  • Brokers for Loan: Matt Buggenhagen & Jason Labriola - Meridian Capital Group

Meridian Capital Group was responsible for securing the financing and brokering the sale of this property, highlighting the involvement of the same brokerage in both aspects of the transaction.

Players

Thomas (Tom) Donovan
51 deals$730.7M volume(646) 502-3481
BROKER

Tommy Lin
Meridian Capital Group
30 deals$515.9M volume(646) 502-3484
BROKER

Details

SOLD
IMAGE: & LOAN IMAGE: Thomas Donovan, Tommy Lin, Matt Buggenhagen & Jason Labriola DATE: 11/06/2024 ADDRESS: 240 Crossways Park Drive West MARKET: Woodbury ASSET TYPE: Office BUYER: Cosentino Development Group SELLER: CLK Properties BROKERS: Thomas Donovan (@TeamDonovan_NYC) & Tommy Lin - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $5,000,000 SF: 26,094 ~ PPSF: $191 LENDER: First National Bank of Long Island LANDLORD: Cosentino Development Group BROKERS: Matt Buggenhagen (@MBuggen2) & Jason Labriola (@JLabriola82) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $2,000,000 LOAN TYPE: Acquisition NOTE FROM BROKER: Meridian Capital Group was responsible for both securing the financing, as well as brokering the sale of this property.

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