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150 Wildey Street

Jorge Tovar Purchases Industrial Property At 150 Wildey Street In Tarrytown For $1.3M
SOLDIndustrial

Jorge Tovar Purchases Industrial Property At 150 Wildey Street In Tarrytown For $1.3M

150 Wildey Street

$1,300,000

$260/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Aug 16, 2024

AI

The property involved in this transaction is an industrial asset located at 150 Wildey Street in the Tarrytown market. The sale price for the asset was $1,300,000, and it encompasses a total of 5,000 square feet, resulting in a price per square foot of $260.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,300,000
  • Address: 150 Wildey Street
  • Market: Tarrytown
  • Square Feet: 5,000
  • Price Per Square Foot: $260
  • Buyer: Jorge Tovar
  • Brokers: Stephen R. Preuss Sr., Alex Svetlakou, Kevin Louie & Drew McWilliams - Ripco

The deal involved notable brokers Stephen R. Preuss Sr., Alex Svetlakou, Kevin Louie, and Drew McWilliams, all representing Ripco in facilitating the transaction. Their involvement played a crucial role in completing the sale for the buyer, Jorge Tovar.

Players

Alex Svetlakou

Ripco

Broker

$34.5M

vol

12 deals

Broker

Tarrytown Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93