Evan Rugen & Sakher Ghanem Acquire Package Deal In Hudson Valley For $250,000
2 North Jefferson Avenue, Catskill, New York 12414, United States
$250,000
$138/SF
Building Size
1,800 SF
Asset Type
—
Closing
May 19, 2022
About this deal
AI
Located at 2 N. Jefferson Ave in Hudson Valley, this package deal transaction involved the sale of a property. The property spans 1,800 square feet and was sold for a price of $250,000, resulting in a price per square foot of $111. The transaction took place on May 20, 2022, with Evan Rugen and Sakher Ghanem from LVL Group acting as the buyers and Patrick Melville as the seller.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $250,000
- Date: 05/20/2022
- Address: 2 N. Jefferson Ave
- Market: Hudson Valley
- Buyer: Evan Rugen & Sakher Ghanem - LVL Group
- Seller: Patrick Melville
- Square Footage: 1,800
- Price per Square Foot: $111
Evan Rugen and Sakher Ghanem, representing LVL Group, played a key role as buyers in this transaction. Their acquisition of this package deal in Hudson Valley showcases their expertise and investment in the local market.
Players
Catskill 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
63.45%
Cash-on-Cash
-18.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93