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55 East Huron Street

Jack Phillips Of Largo Real Estate Advisors Secures $4.59M Loan For Buffalo Commercial Property
FINANCEDCommercial

Jack Phillips Of Largo Real Estate Advisors Secures $4.59M Loan For Buffalo Commercial Property

55 East Huron Street

$4,590,000

Building Size

Asset Type

Commercial

Closing

Apr 10, 2026

AI

The asset involved in this transaction is a commercial property located at 55 East Huron Street in Buffalo. This property features an anchor tenant, a brewery taproom that significantly contributes to foot traffic. Additionally, the property includes a parking garage which provides supplemental income and adds to its value.

Summary of transaction details:

Jack Phillips of Largo Real Estate Advisors played a key role in this deal by securing a permanent first mortgage for the property, amounting to $4.59 million. His involvement highlights the expertise and support provided by the brokerage in facilitating this transaction.

Players

Jack Phillips

Largo Real Estate Advisors

Broker

$156.6M

vol

3 deals

Broker

Buffalo Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.46%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93