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56 Marion Avenue, Saratoga ...

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

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

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.

Players

Michael Hunter Coghill

Adirondack Capital Partners

Broker

$433.8M

vol

13 deals

Broker

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