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91 Lake Avenue

Sammy Marwan Acquires Mixed-Use Property At 91 Lake Avenue Tuckahoe For $1.255M With Lena Rivera
SOLDMixed-use

Sammy Marwan Acquires Mixed-Use Property At 91 Lake Avenue Tuckahoe For $1.255M With Lena Rivera

91 Lake Avenue

$1,255,000

$143/SF

Building Size

8,722 SF

Asset Type

Mixed-use

Closing

Sep 26, 2024

AI

The property asset involved in this transaction is a mixed-use building located at 91 Lake Avenue in Tuckahoe, Westchester County. The sale price was $1,255,000, with a total square footage of 8,722 and a price per square foot of $143.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,255,000
  • Buyer: Sammy Marwan
  • Seller: The Berger Family
  • Broker: Lena Rivera
  • Square Footage: 8,722
  • Price per Square Foot: $143

The deal was facilitated by broker Lena Rivera, who has achieved significant success with nearly $100 million in building sales over the past three years, in addition to 200+ residential leases and 100,000 square feet in retail/office leasing. Lena Rivera is looking to acquire more buildings to manage, lease, sell, or buy and has access to hard money loans.

Players

Lena Rivera

Broker

$60M

vol

15 deals

Broker

Tuckahoe 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

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93