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
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