Ken Wellar & Douglas I. Sitt Broker RRA Facilitates $23.5M Sale Of Student Housing In North Central New York
7114 State Route 104, Oswego, NY 13126, USA
$23,500,000
$119/SF
Building Size
197,301 SF
Asset Type
Other
Closing
Nov 3, 2021
AI
The student housing property located at 7114 State Route 104 in North Central New York has been sold for a total price of $23,500,000. The transaction took place on 11/03/2021. The property spans approximately 197,301 square feet, resulting in a price per square foot of $119. Ken Wellar and Douglas I. Sitt of RRA represented the parties involved in the deal.
Summary of transation details
- Property Type: Student Housing
- Transaction Amount: $23,500,000
Ken Wellar and Douglas I. Sitt, both from RRA, played a pivotal role as brokers in facilitating the sale of the student housing property at 7114 State Route 104. Their expertise and representation were crucial in ensuring a successful transaction between the parties involved.
Players
Oswego Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93