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528-530 Main Street, Poughk...

Lulaj Family Acquires Mixed-Use Property In Hudson Valley For $710K
SOLDMixed-use

Lulaj Family Acquires Mixed-Use Property In Hudson Valley For $710K

528-530 Main Street, Poughkeepsie, New York 12601, United States

$710,000

$96/SF

Building Size

7,347 SF

Asset Type

Mixed-use

Closing

Jun 29, 2022

AI

The mixed-use property located at 528-530 Main Street in Hudson Valley has been sold for $710,000. The transaction took place on June 30, 2022. The property spans across a total of 7,347 square feet and consists of 6 units, resulting in a price per unit of approximately $118,333.33. The property was acquired by the Lulaj Family, while Eleanor Ross acted as the seller.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $710,000
  • Address: 528-530 Main Street
  • Market: Hudson Valley
  • Units: 6
  • Price per Unit: $118,333.33
  • Square Footage: 7,347

The sale was facilitated by Robert A. Magrino and Thomas Gorman Jr., representing Redwood Realty Advisors. They acted as brokers for both parties involved in the transaction.

Players

Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

Lulaj Family

Buyer

$3.2M

vol

2 deals

Buyer

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

22.34%

Cash-on-Cash

-6.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93