Unknown Buyer Secures 513 Main St Poughkeepsie New York For $1.5 Million With Chip Collins As Buyer's Rep
513 Main St, Poughkeepsie, NY, 12601
$1,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 19, 2023
AI
The property involved in the transaction is a mixed-use portfolio located at 513 Main St, Poughkeepsie, NY, 12601. The sale price was $1,500,000. The total square footage of the property is 0 SF. The portfolio includes three buildings: a 12-unit mixed-use building at 509-513 Main St., a five-unit residential property at 30 Kelsey Road, and a six-unit apartment building at 82-84 Garden St.
Summary of transaction details:
- Property Type: Mixed-use portfolio
- Transaction Amount: $1,500,000.00
- Address: 513 Main St, Poughkeepsie, NY, 12601
- Market: Poughkeepsie
- Buyer's Representative: Chip Collins - Marcus & Millichap
- Buyer's Identity: Unknown
- Seller's Identity: Unknown
Chip Collins of Marcus & Millichap represented both the private buyer and seller in this transaction, facilitating the deal between the two unknown parties.
Players
Poughkeepsie 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93