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90 Crossways Park Dr W, Woo...

RS Syosset LLC Acquires Office Property In Woodbury, New York For $3.7M
SOLDOffice

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

Benjamin Efraimov

B6 Real Estate Advisors

Broker

$16.8M

vol

5 deals

Broker

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