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211 Halstead Avenue

Michael Smith Acquires Mixed-Use Property In Westchester For $850K
SOLDMixed-use

Michael Smith Acquires Mixed-Use Property In Westchester For $850K

211 Halstead Avenue

$850,000

$202/SF

Building Size

4,200 SF

Asset Type

Mixed-use

Closing

Aug 29, 2022

AI

A mixed-use property located at 211 Halstead Ave in Westchester recently sold for $850,000. The property spans an area of 4,200 square feet, resulting in a price per square foot of $202. The sale was completed on August 29, 2022.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $850,000
  • Square Footage: 4,200
  • Price per Square Foot: $202
  • Address: 211 Halstead Ave
  • Market: Westchester

Michael Smith purchased the property from Damon Romanelli. The transaction was facilitated by the brokers Tim Skelly, Michael Scrima, and Thomas Gorman, Jr. from Redwood Realty Advisors.

Players

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

Michael Smith

Buyer

$122.1M

vol

4 deals

Buyer

Buffalo 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

18.66%

Cash-on-Cash

-5.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93