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53 Church Street

Saratoga Springs Mixed-Use Property Sells For $3.3M
SOLDMixed-use

Saratoga Springs Mixed-Use Property Sells For $3.3M

53 Church Street

$3,300,000

$217/SF

Building Size

15,188 SF

Asset Type

Mixed-use

Closing

Nov 15, 2023

AI

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.

Players

Margaret Minehan

Roohan Realty

Broker

$3.3M

vol

1 deal

Broker

Hubbard 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93