Cedarwood Group Sells Special Purpose Property On Proctor Rd. In Sullivan For $9M
SOLD
$9,000,000
New York
See Similar DealsSpecial Purpose
Sold 06/24/2022
SOLD
Cedarwood Group Sells Special Purpose Property On Proctor Rd. In Sullivan For $9M
574 Proctor Road
See Similar DealsSpecial Purpose
Sold 06/24/2022
Summary
NEW YORK
Asset Type:Special Purpose
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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