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2 N Main St, New City, NY 1...

KABR Group Acquires Retail Property In Rockland County For $30M
SOLDRetail

KABR Group Acquires Retail Property In Rockland County For $30M

2 N Main St, New City, NY 10956, USA

$30,000,000

$239/SF

Building Size

125,110 SF

Asset Type

Retail

Closing

Oct 3, 2022

AI

The retail property located at 2-78 N Main St in Rockland County has been sold for $30,000,000. The property spans 125,110 square feet and was sold at a price of $240 per square foot. The transaction took place on October 4, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $30,000,000
  • Address: 2-78 N Main St
  • Market: Rockland County

KABR Group acquired the property from Kamber Management Company. The deal was facilitated by the brokers Jose Cruz, J.B Bruno, Andrew Scandalios, and Austin Pierce from JLL.

Players

Andrew Scandalios

JLL

Broker

$12B

vol

68 deals

Broker
KABR Group
KABR GroupBuyer

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93