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1019 Park Street

Ram Bhatija Acquires Mixed-use Property At 1019 Park Street In Peekskill For $1.6M
SOLDMixed-use

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

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker
Global Realty Services
Global Realty Services Brokerage

Peekskill Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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