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
Newburgh Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
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