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Saratoga Springs Mixed-Use Property Sells For $3.3M
SOLD
$3,300,000
New York
See Similar DealsMixed-use15,188 SF
Sold 11/15/2023
SOLD
Saratoga Springs Mixed-Use Property Sells For $3.3M
53 Church Street
See Similar DealsMixed-use15,188 SF
Sold 11/15/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$217
Total Square Footage:15,188 SF
Transaction Type:Sale
Saratoga Springs' 53 Church St. mixed-use building has been sold for $3.3 million. This property spans 15,188 square feet and includes commercial spaces, six apartments, and a penthouse built in 1940 with various amenities.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,300,000
- Address: 53 Church Street
- Market: Saratoga Springs
The buyer of the property is 53 Church Saratoga LLC, represented by Christian Klueg from Howard Hanna Rand Realty. The seller, Meherio LLC, was represented by Amy Sutton and Margaret Minehan from Roohan Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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