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

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.