Cedarwood Group Sells Special Purpose Property On Proctor Rd. In Sullivan For $9M
574 Proctor Road
$9,000,000
Building Size
—
Asset Type
Special Purpose
Closing
Jun 24, 2022
AI
The Special Purpose property located at 574 Proctor Rd in Sullivan has been sold for a price of $9,000,000. The property was sold by Cedarwood Group, represented by Meyer Futersak.
Summary of transation details
- Property Type: Special Purpose
- Transaction Amount: $9,000,000
- Seller: Cedarwood Group - Meyer Futersak
This transaction showcases the successful sale of a Special Purpose property in Sullivan. Cedarwood Group, represented by Meyer Futersak, was the seller. The sale price for the property was $9,000,000.
Players
Glen Spey Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93