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Seraphim Equities Acquires Mixed-Use Properties In Newburgh, Hudson Valley For $1.67M

Property Image
SOLD
$1,667,500

New York

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Mixed-use4,090 SF
Sold 01/27/2021
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Property Image
SOLD

Seraphim Equities Acquires Mixed-Use Properties In Newburgh, Hudson Valley For $1.67M

300 Liberty Street, Newburgh, NY, USA

See Similar Deals
Mixed-use4,090 SF
Sold 01/27/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$407
Total Square Footage:4,090 SF
Transaction Type:Sale

The mixed-use property located at 300 Liberty St., 36 Liberty St., 189 Grand St., 127 Chambers St., and 261 Grand St. in Newburgh, Hudson Valley was recently sold. The sale was facilitated by Adam Shayanfekr, Michael A. Ramin, and Roy Bracha of Seraphim Equities. The property was sold by Robert Grunnah, with brokerage services provided by Newburgh Realty Group LLC. The transaction took place on January 27, 2021.

Summary of transation details

  • Property Type: Mixed-use
  • Sale Price: $1,667,500
  • Units: 18
  • Price per Unit: $92,638

Adam Shayanfekr, Michael A. Ramin, and Roy Bracha of Seraphim Equities represented the buyer in the deal. The loan amount for the transaction was $1,612,000.00. The buyers may be contacted via their respective email addresses: Adam Shayanfekr (@AdamShayan), Michael A. Ramin (@Mike_Loanawitz), and Roy Bracha (@InstaNY). Sharestates, a Direct National Private Lender, provided financing options for this deal, including support for fix and flip projects, large multi-family bridge and value-add investments, ground up construction, and long-term rental loans.

Players

5 deals$28.7M volume
BUYER

BUYER

Details

SOLD
IMAGE: Adam Shayanfekr, Michael A. Ramin & Roy Bracha DATE: 01/27/2021 ADDRESS: 300 Liberty St., 36 Liberty St., 189 Grand St., 127 Chambers St. & 261 Grand St MARKET: Newburgh, Hudson Valley ASSET TYPE: Mixed-use BUYER: Adam Shayanfekr @AdamShayan, Michael A. Ramin @Mike_Loanawitz & Roy Bracha @InstaNY - Seraphim Equities SELLER: Robert Grunnah BROKER: Newburgh Realty Group LLC SALE PRICE: $1,667,500 UNITS: 18 ~ PPU: $92,638 NOTE: Loan Amount: $1,612,000.00 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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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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