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7114 State Route 104, Osweg...

Ken Wellar & Douglas I. Sitt Broker RRA Facilitates $23.5M Sale Of Student Housing In North Central New York
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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

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

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