Lulaj Family Acquires Mixed-Use Property In Hudson Valley For $710K
SOLD
$710,000
New York
See Similar DealsMixed-use7,347 SF
Sold 06/30/2022
SOLD
Lulaj Family Acquires Mixed-Use Property In Hudson Valley For $710K
528-530 Main Street, Poughkeepsie, New York 12601, United States
See Similar DealsMixed-use7,347 SF
Sold 06/30/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$96
Total Square Footage:7,347 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,522.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,365.76
Annual Debt Service$40,389.15
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