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
About this deal
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.
On the Map
$850,000
$202/SF
Mixed-use
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Players
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