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:
- Property Type: Commercial
- Transaction Amount: $4,590,000
- Broker: Jack Phillips - Largo Real Estate Advisors
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.
Buffalo Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
Loading comparables…
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