KABR Group Acquires Retail Property In Rockland County For $30M
SOLD
$30,000,000
+ 1
National
See Similar DealsRetail125,110 SF
Sold 10/04/2022
SOLD
KABR Group Acquires Retail Property In Rockland County For $30M
2 N Main St, New City, NY 10956, USA
See Similar DealsRetail125,110 SF
Sold 10/04/2022
+ 1
Summary
Asset Type:Retail
Price Per Square Foot:$239
Total Square Footage:125,110 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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