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150 Crossways Park Drive No...

Samuel Baratz Acquires Woodbury Retail Condo For $7.6M
SOLDRetail

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

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

Benjamin Efraimov

B6 Real Estate Advisors

Broker

$16.8M

vol

5 deals

Broker

Samuel Baratz

Buyer

$11.2M

vol

2 deals

Buyer
CP
CLK PropertiesSeller

Woodbury Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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