Updated Oct 29, 2024
Elman Investors, Inc. Acquires 67000 SF Building From 93 Broadway, LLC For $4.05M
93 Broadway, Albany, NY, 12204
$4,050,000
$60/SF
Building Size
67,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 93 Broadway, Albany, NY, 12204. The sale price was $4,050,000.00, and the property comprises 67,000 square feet. It is situated in the Menands market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $4,050,000.00
- Address: 93 Broadway, Albany, NY, 12204
- Market: Menands
- Seller: 93 Broadway, LLC
- Buyer: Elman Investors, Inc.
- Seller's Representative: Laurie Tylenda & Jeff Sperry - CBRE
The sale involved key representatives including Laurie Tylenda and Jeff Sperry, who represented the seller, 93 Broadway, LLC, while the buyer was represented by Elman Investors, Inc. The presence of CBRE as the seller's representative played a role in the transaction.
Players
Menands 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93