Michael Rogers Acquires Self Storage Property In St. Albans For $36.4M
134-31 Montauk Street, St. Albans, NY, USA
$36,440,000
$520/SF
Building Size
69,990 SF
Asset Type
—
Closing
Mar 3, 2021
AI
The self-storage property located at 134-31 Montauk Street in St. Albans has been sold in a closed transaction. The property spans a total of 69,990 square feet and is zoned M1-1. The transaction took place on 03/04/2021.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $36,440,000
- Price per Square Foot: $521
- Address: 134-31 Montauk Street
- Market: St. Albans
Michael Rogers purchased the self-storage property from Aryeh Goldman. The last recorded sale of the property was on 04/05/2016 for a price of $7,300,000.
Players
Jamaica CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93