Adam Shayanfekr Acquires Mixed-Use Property In Newburgh For $4.9M With Seraphim Equities As The Broker

The mixed-use property located at 150-166 Broadway, 181 & 195 Broadway, and 224-230 Broadway, as well as 494-500 Broadway in Newburgh, Hudson Valley, was recently sold for a total of $4,927,000. The transaction took place on 03/08/2019, with Wei Rong Luo of Hudson Capital 168 LLC as the seller and Adam Shayanfekr as the buyer. The property consists of 70 units, with a price per unit of $70,385.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,927,000
• Units: 70
• Price per Unit: $70,385

The deal was facilitated by Seraphim Equities acting as the broker. It should be noted that there is a loan amount associated with the transaction, totaling $5,206,000. Sharestates, a Direct National Private Lender, provided the loan. Sharestates specializes in various types of loans, including 1-4 Family Fix n Flip, Large Multi-family Bridge & Value Add, Ground up Construction, and Long Term Rental Loans. For more information, you can contact Mike Ramin at [email protected].