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Houlihan Lawrence Commercial Brokers $3M Sale Of Medical Office On Route 6, Somers
SOLD
$3,000,000
New York
See Similar DealsMedical Office12,723 SF
Sold 01/30/2024
SOLD
Houlihan Lawrence Commercial Brokers $3M Sale Of Medical Office On Route 6, Somers
48 US Route 6
See Similar DealsMedical Office12,723 SF
Sold 01/30/2024
Summary
NEW YORK
Asset Type:Medical Office
Price Per Square Foot:$235
Total Square Footage:12,723 SF
Transaction Type:Sale
A 12,723-square-foot medical office building located at 48 US Route 6 in Somers, Westchester County, has been sold for $3 million. The transaction was completed by Houlihan Lawrence Commercial.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $3,000,000
- Square Footage: 12,723
- Price per Square Foot: $236
- Market: Somers
Houlihan Lawrence Commercial, represented by Jose D. Cuartas, facilitated the sale of the medical office building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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