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Michael Hunter Coghill Acquires Mixed-Use Property In Saratoga Springs For $72.5M

Property Image
SOLD
$72,500,000

New York

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Mixed-use248,993 SF
Sold 12/29/2021
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Property Image
SOLD

Michael Hunter Coghill Acquires Mixed-Use Property In Saratoga Springs For $72.5M

56 Marion Avenue, Saratoga Springs, New York 12866, United States

See Similar Deals
Mixed-use248,993 SF
Sold 12/29/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$291
Total Square Footage:248,993 SF
Transaction Type:Sale

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.

Players

Michael Hunter Coghill
12 deals$433.8M volume(518) 428-4224
BROKER

Details

SOLD
IMAGE: Michael Hunter Coghill DATE: 12/29/2021 ADDRESS: 56 Marion Ave. MARKET: Saratoga Springs ASSET TYPE: Mixed-use BROKER: Michael Hunter Coghill - Adirondack Capital Partners (@AdkCap) SALE PRICE: $72,500,000 SF: 248,993 ~ PPSF: $291

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$257,577.19
Cash-on-Cash Return-1.27%
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