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
Tuckahoe Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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