Alan Jacobs Sells Mixed-Use Property In Hudson Valley For $1.57M
99-113 Route 303, Tappan, NY 10983
$1,575,000
$191/SF
Building Size
8,220 SF
Asset Type
Mixed-use
Closing
Apr 12, 2022
AI
The mixed-use property located at 99-113 NY-303 in Hudson Valley has recently been sold in a closed transaction. The transaction took place on April 13, 2022. The property, spanning 8,220 square feet, offers a combination of residential and commercial spaces. The sale price for this property was $1,575,000, resulting in a price per square foot of $191.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Address: 99-113 NY-303, Hudson Valley
- Market: Hudson Valley
- Seller: Alan Jacobs
- Brokers: Sean Slattery, Ben Tapper, Steve Lorenzo & Mitch Salmon - Lee & Associates
The sale of this property was facilitated by the team of brokers from Lee & Associates, including Sean Slattery, Ben Tapper, Steve Lorenzo, and Mitch Salmon. Their expertise and dedication contributed to the successful completion of this transaction.
Players
New York 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93