Ariel Property Advisors Sells Mixed-Use Property In Fort George For $3.17M
SOLD
$3,175,000
+ 1
New York
See Similar DealsMixed-use15,960 SF
Sold 02/08/2024
SOLD
Ariel Property Advisors Sells Mixed-Use Property In Fort George For $3.17M
112 Nagle Avenue
See Similar DealsMixed-use15,960 SF
Sold 02/08/2024
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$198
Total Square Footage:15,960 SF
Transaction Type:Sale
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
- Property Type: Mixed-use
- Transaction Amount: $3,175,000
- Square Footage: 15,960
- Price per Square Foot: $199
- Address: 112 Nagle Avenue, Fort George
- Brokers: Victor Sozio, Shimon Shkury, Alix Curtin & Gabriel Elyaszadeh - Ariel Property Advisors
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,280.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,051.12
Annual Debt Service$180,613.44
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