Michael Smith Acquires Mixed-Use Property In Westchester For $850K
SOLD
$850,000
+ 1
New York
See Similar DealsMixed-use4,200 SF
Sold 08/29/2022
SOLD
Michael Smith Acquires Mixed-Use Property In Westchester For $850K
211 Halstead Avenue
See Similar DealsMixed-use4,200 SF
Sold 08/29/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$202
Total Square Footage:4,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
Annual Debt Service$48,353.20
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