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71 Main Street

David Walton Acquires Mixed-Use Property On 71 Main Street, New Paltz For $1.52M
SOLDMixed-use

David Walton Acquires Mixed-Use Property On 71 Main Street, New Paltz For $1.52M

71 Main Street

$1,525,000

$290/SF

Building Size

5,256 SF

Asset Type

Mixed-use

Closing

Mar 25, 2023

AI

A mixed-use property located at 71 Main Street in New Paltz has been successfully sold. The transaction took place on March 25, 2023. The property spans a total area of 5,256 square feet and was sold for a price of $1,525,000, resulting in a price per square foot of $290.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,525,000
  • Address: 71 Main Street, New Paltz
  • Market: New Paltz

The buyer of the property is David Walton, while the seller is Steve Goldman. The transaction was facilitated by Anthony Watkins and David Algarin, representing Oak & Avery Group.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker
David Algarin
Verified Badge

David Algarin

Oak & Avery Group

Broker

$100.8M

vol

27 deals

Broker

David Walton

Buyer

$3.1M

vol

2 deals

Buyer

Market 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

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93