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
About this deal
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.
On the Map
$3,300,000
$217/SF
Mixed-use
View full map
Players
Hubbard Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Howard Hanna Rand Realty to view all their deals.
Browse Hubbard mixed use sales on Traded.
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