RS Syosset LLC Acquires Office Property In Woodbury, New York For $3.7M
90 Crossways Park Dr W, Woodbury, NY 11797, USA
Building Size
19,600 SF
Asset Type
Office
Closing
Jun 12, 2018
AI
RS Syosset LLC, represented by Vijay Alreja, has acquired the office property located at 90 Crossways Park Drive West in Woodbury, New York. The transaction, facilitated by Thomas A. Donovan and Benjamin Efraimov of CushWake, was closed on June 13, 2018. The property, owned by Hera Property Management, was sold for a total price of $3,700,000.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $3,700,000
- Square Footage: 19,600 sf
- Price per Square Foot: $188
- Address: 90 Crossways Park Drive West, Woodbury, New York
- Market: Woodbury
Vijay Alreja, representing RS Syosset LLC, successfully acquired the office property at a price of $3,700,000. The transaction was facilitated by Thomas A. Donovan and Benjamin Efraimov of CushWake. The property, situated at 90 Crossways Park Drive West in Woodbury, New York, spans a total of 19,600 square feet with a price per square foot of $188.
Players
Woodbury 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93