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112 Nagle Avenue

Ariel Property Advisors Sells Mixed-Use Property In Fort George For $3.17M
SOLDMixed-use

Ariel Property Advisors Sells Mixed-Use Property In Fort George For $3.17M

112 Nagle Avenue

$3,175,000

$198/SF

Building Size

15,960 SF

Asset Type

Mixed-use

Closing

Feb 8, 2024

AI

The mixed-use property located at 112 Nagle Avenue in Fort George has been sold for a price of $3,175,000. The property spans 15,960 square feet, resulting in a price per square foot of $199.

Summary of transaction details

The transaction was facilitated by Victor Sozio, Shimon Shkury, Alix Curtin, and Gabriel Elyaszadeh from Ariel Property Advisors. They represented the parties involved in the deal, ensuring a successful transaction for all parties.

Players

Alix Curtin

NorthMarq

Broker

$54M

vol

11 deals

Broker

New York 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

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93