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Crossways Park

Woodbury, New York


Acquisition of a 65,850 sq. ft. office building (“101 Crossways”) and 153,655 sq. ft. office building (“100 Crossways) in Woodbury, NY. The Properties are located 29 miles east of NYC and situated off Jericho Turnpike, less than 1 mile from exit 44/45 of the Long Island Expressway and Northern State.

101 Crossways is a 100% leased single tenant building located on 4.24 acres. The tenant, Cardworks Services, has occupied the building for over 20 years and recently renewed through April 2030. The Property’s light industrial zoning designation provides long term redevelopment optionality. Krown Point led the acquisition efforts and invested in the partnership alongside the Sponsor, Jonis Realty. The Property was acquired in September 2023, Krown Point will provide property management and asset management support alongside Jonis Realty.

100 Crossways is a 91% leased office building on 7.94 acres with 584 parking spaces. The building was developed in 1973 and has a diverse roster of 37 tenants. Krown Point acquired the property in partnership with KRW Realty and a private family office in April 2023. Our partnership plans to reintroduce the building to the local leasing community with an aggressive marketing strategy and roll out a new capital program to upgrade the lobby, café, common corridors and build out turnkey office suites.

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