Capital Companies NY Acquires Office Building In Saratoga Springs For $3.5M
260 Broadway, Saratoga Springs, New York 12866, United States
$3,500,000
$145,833/SF
Building Size
24 SF
Asset Type
Office
Closing
Jan 12, 2022
About this deal
AI
The office property located at 260 Broadway in Saratoga Springs has been sold for a price of $3,500,000. The transaction took place on 12/01/2022. The property spans an area of 24,812 square feet, resulting in a price per square foot of $141.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,500,000
- Address: 260 Broadway
- Market: Saratoga Springs
- Buyer: Capital Companies NY - Daniel Oh
- Seller: Merlin Development & Construction Co - Bruce Levinsky
- Square Footage: 24,812 sqft
- Price per Square Foot: $141
The buyer, Capital Companies NY, was represented by Daniel Oh, while the seller, Merlin Development & Construction Co, was represented by Bruce Levinsky.
Players
Saratoga Springs Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93