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513 Main St, Poughkeepsie, ...

Unknown Buyer Secures 513 Main St Poughkeepsie New York For $1.5 Million With Chip Collins As Buyer's Rep
SOLDMixed-use

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

Chip Collins

Marcus & Millichap

Broker

$7.6M

vol

3 deals

Broker

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