Michael Rogers Acquires Self Storage Property In St. Albans For $36.4M
SOLD
New York
See Similar Deals69,990 SF
Sold 03/04/2021
SOLD
Michael Rogers Acquires Self Storage Property In St. Albans For $36.4M
134-31 Montauk Street, St. Albans, NY, USA
See Similar Deals69,990 SF
Sold 03/04/2021
Summary
NEW YORK
Price Per Square Foot:$520
Total Square Footage:69,990 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,943,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$129,463.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$172,744.19
Annual Debt Service$2,072,930.29
Is there something missing? Send suggestions