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
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