Evan Rugen, Aaron Tice & Jake Keado Acquire 99 & 103 Old Ln. Package Deal In Hudson Valley For $400K
99 Old Lane, Hudson, New York 12534, United States
$400,000
$160/SF
Building Size
2,500 SF
Asset Type
—
Closing
May 20, 2022
About this deal
AI
Evan Rugen, Aaron Tice, and Jake Keado of LVL Group have purchased a package deal in the Hudson Valley market. The property, located at 99 & 103 Old Ln., was sold by Jon Libasci for a total price of $400,000. The asset consists of a 2,500 square foot space, resulting in a price per square foot of $160.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $400,000
- Address: 99 & 103 Old Ln.
- Market: Hudson Valley
Evan Rugen, Aaron Tice, and Jake Keado from LVL Group represented the buyer's side in this transaction. The seller, Jon Libasci, sold the property to them. The lender involved in the deal was Rock East Funding.
Players
Hudson 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
39.66%
Cash-on-Cash
-11.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93