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
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