Updated Oct 28, 2024
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
About this deal
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.
The special purpose sale at 574 Proctor Road in Glen Spey, New York sold for $9M in 2022. 574 Proctor Road is classified as Special Purpose on Traded. Named participants on the 574 Proctor Road sale are Meyer Futersak. This page is the Glen Spey, New York file for the 574 Proctor Road special purpose sold: pricing, party profiles, and other closed special purpose comps from the same Glen Spey sit in the Market section below. Filter that Glen Spey special purpose set by closing date to see what else sold near 574 Proctor Road around 2022. Published consideration for 574 Proctor Road is $9M, dated 2022. Cite this Cedarwood Group Sells Special Purpose Property On Proctor Rd. In Sullivan For $9M sale when underwriting similar special purpose product around Glen Spey, New York.
On the Map
$9,000,000
Special Purpose
View full map
Players
Glen Spey Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
Loading comparables…
Deal FAQ
Browse Glen Spey special purpose sales on Traded.
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