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66 William St, Newburgh, NY...

Updated Oct 28, 2024

Adam Shayanfekr's Seraphim Equities Acquires Mixed-use Properties In Newburgh, Hudson Valley For $2.19M
FINANCEDMixed-use

Adam Shayanfekr's Seraphim Equities Acquires Mixed-use Properties In Newburgh, Hudson Valley For $2.19M

66 William St, Newburgh, NY, USA

$2,193,000

Building Size

Asset Type

Mixed-use

Closing

Jun 30, 2021

About this deal

AI

Mixed-use properties located at 140 S. Clark St., 157 Johnston St., 370 Broadway, 352-354 1st St., 64-66 William St., 99 Overlook Pl., 60-62 William St., 90 Lander St., and 172 Chambers St. in Newburgh, Hudson Valley were involved in a closed transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,193,000
  • Lender: sharestates''>Sharestates - Mike Ramin
  • Landlord: Adam Shayanfekr - Seraphim Equities & Newburgh Realty Group

The lender for this transaction was Sharestates, represented by Mike Ramin. The landlord was Adam Shayanfekr, who is associated with Seraphim Equities and Newburgh Realty Group.

Note: Sharestates is a Direct National Private Lender that offers various loan types such as 1-4 Family Fix n Flip, Large Multi-family Bridge & Value Add, Ground up Construction, and Long Term Rental Loans. For more information, contact Mike Ramin at [email protected].

Players

Sharestates
SharestatesLender

Newburgh Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.23%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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