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Seraphim Equities Acquires Mixed-Use Property In Newburgh, New York For $3.1M With Buyer's Rep Roy Bracha

Property Image
SOLD
$3,125,000

New York

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Mixed-use3,000 SF
Sold 03/08/2021
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Property Image
SOLD

Seraphim Equities Acquires Mixed-Use Property In Newburgh, New York For $3.1M With Buyer's Rep Roy Bracha

294-296 Liberty St, Newburgh, New York, USA

See Similar Deals
Mixed-use3,000 SF
Sold 03/08/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,041
Total Square Footage:3,000 SF
Transaction Type:Sale

Located in Newburgh, New York, a mixed-use property consisting of 39 units has been sold for a total of $3,125,000. The property, located at 294-296 Liberty St., 160 Washington St., 119 S. Clark St., 212 Broadway, 54 Johnson St., 30 City Terrace, 52 City Terrace, 84 William St., 155-159 Ann St., 183 Renwick St., 64 Liberty St., and 81 Chambers St., offers a prime investment opportunity in a thriving market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,125,000
  • Address: 294-296 Liberty St., 160 Washington St., 119 S. Clark St., 212 Broadway, 54 Johnson St., 30 City Terrace, 52 City Terrace, 84 William St., 155-159 Ann St., 183 Renwick St., 64 Liberty St., and 81 Chambers St.
  • Market: Newburgh, New York

The buyers of the property are Adam Shayanfek (@AdamShayan) and Steven Rabiei (@SteveDabeav) from Seraphim Equities. Representing the buyers in the deal is Roy Bracha from Newburgh Realty Group LLC. The lender in this transaction is Michael A. Ramin from Sharestates.

It's worth noting that the loan amount for this transaction is $2,630,000. Sharestates, a direct national private lender, offers various financing options, including loans for 1-4 family fix and flip, large multi-family bridge and value-add, ground-up construction, as well as long-term rental loans.

Players

1 deal$3.1M volume
BROKER

BUYER

Adam Shayanfekr
5 deals$28.7M volume
BUYER

Details

SOLD
IMAGE: Steven Rabiei (@SteveDabeav), Adam Shayanfek (@AdamShayan), Roy Bracha (@InstaNY) & Michael A. Ramin (@Mike_Loanawitz) DATE: 03/08/2021 ADDRESS: 294-296 Liberty St., 160 Washington St., 119 S. Clark St., 212 Broadway, 54 Johnson St., 30 City Terrace, 52 City Terrace, 84 William St., 155-159 Ann St., 183 Renwick St., 64 Liberty St. & 81 Chambers St. MARKET: Newburgh, New York ASSET TYPE: Mixed-use BUYER: Adam Shayanfek @AdamShayan & Steven Rabiei @SteveDabeav - Seraphim Equities BROKERS: Roy Bracha @InstaNY - Newburgh Realty Group LLC LENDER: Michael A. Ramin @Mike_Loanawitz - @Sharestates SALE PRICE: $3,125,000 UNITS: 39 ~ PPU: $80,128 NOTE FROM LENDER: Loan Amount: $2,630,000.00 Sharestates is a Direct National Private Lender: 1-4 Family Fix n Flip Large Multi-family Bridge & Value Add Ground up Construction Long Term Rental Loans 👤Mike Ramin 📸 @Mike_Loanawitz 📧 [email protected]

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