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99-113 Route 303, Tappan, N...

Alan Jacobs Sells Mixed-Use Property In Hudson Valley For $1.57M
SOLDMixed-use

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:

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

Mitchell Salmon

Lee & Associates

Broker

$66.9M

vol

5 deals

Broker

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