Michael Hunter Coghill Acquires Mixed-Use Property In Saratoga Springs For $72.5M
56 Marion Avenue, Saratoga Springs, New York 12866, United States
$72,500,000
$291/SF
Building Size
248,993 SF
Asset Type
Mixed-use
Closing
Dec 29, 2021
About this deal
AI
Located at 56 Marion Ave in Saratoga Springs, this mixed-use property was recently sold in a closed transaction. The sale was facilitated by Michael Hunter Coghill of Adirondack Capital Partners, who represented the parties involved in the deal.
Summary of transation details
- Property Type: Mixed-use
- Sale Price: $72,500,000
- Square Footage: 248,993
- Price Per Square Foot: $291
- Address: 56 Marion Ave
- Market: Saratoga Springs
This notable sale showcases the expertise of Michael Hunter Coghill and Adirondack Capital Partners in the real estate industry. The transaction involved a mixed-use property with a total square footage of 248,993 and a sale price of $72,500,000, resulting in a price per square foot of $291. Such successful deals highlight the strong market presence and negotiation skills of the individuals and companies involved.
Saratoga Springs 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93