Capital Companies NY Acquires Office Building In Saratoga Springs For $3.5M
SOLD
$3,500,000
New York
See Similar DealsOffice24 SF
Sold 01/12/2022
SOLD
Capital Companies NY Acquires Office Building In Saratoga Springs For $3.5M
260 Broadway, Saratoga Springs, New York 12866, United States
See Similar DealsOffice24 SF
Sold 01/12/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$145,833
Total Square Footage:24 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
Is there something missing? Send suggestions