Ram Bhatija Acquires Mixed-use Property At 1019 Park Street In Peekskill For $1.6M
1019 Park Street
$1,600,000
$64/SF
Building Size
25,000 SF
Asset Type
Mixed-use
Closing
Jun 22, 2025
AI
The mixed-use property located at 1019 Park Street in Peekskill was sold for $1,600,000. The asset comprises a total of 25,000 square feet, resulting in a price per square foot of $64.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Buyer: Ram Bhatija
- Seller: M&T Bank
- Buyer’s Representative: Raj Whadwa - Global Realty Services
This transaction was facilitated by Raj Whadwa representing the buyer, Ram Bhatija, in the deal with the seller, M&T Bank. The deal highlights the involvement of Global Realty Services in the closing of this property transaction.
Players
Peekskill Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93