Samuel Baratz Acquires Woodbury Retail Condo For $7.6M
150 Crossways Park Drive North, Woodbury, NY 11797, USA
$7,600,000
$189/SF
Building Size
40,075 SF
Asset Type
Retail
Closing
Jan 28, 2019
About this deal
AI
A retail condo located at 150-170 Crossways Park Dr. in Woodbury has been sold for $7.6 million. The property spans 40,075 square feet, resulting in a price per square foot of $190. The sale was finalized on 01/29/2019.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $7.6M
- Address: 150-170 Crossways Park Dr.
- Market: Woodbury
- Square Footage: 40,075
- Price per Square Foot: $190
The seller of the retail condo was CLK Properties, and the buyer was Samuel Baratz. The deal was facilitated by brokers Benjamin Efraimov and Thomas A. Donovan from B6 Real Estate, along with James Parnes from Schacker Realty.
Players
Woodbury Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $189 per square foot on a published $7.6M for 40,075 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93