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
- 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.
Players
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