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
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