Amit Maheepat Acquires Retail Property At 122-07 Liberty Avenue From Charlie Caico For $1.15M
122-07 Liberty Avenue
$1,150,000
$1,049/SF
Building Size
1,096 SF
Asset Type
Retail
Closing
Sep 9, 2024
AI
The asset involved in the transaction is a retail property located at 122-07 Liberty Avenue in South Richmond Hill. It has a sale price of $1,150,000 and encompasses a total area of 1,096 square feet, resulting in a price per square foot of $1,049.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,150,000
- Square Footage: 1,096
- Price per Square Foot: $1,049
- Buyer: Amit Maheepat
- Seller: Charlie Caico
- Buyer's Representative: Roy Ramsaran - One Key MLS
- Seller's Representatives: Scott Plasky & William Stephan - Marcus & Millichap
- Market: South Richmond Hill
Key individuals in this transaction include Amit Maheepat as the buyer and Charlie Caico as the seller. The buyer is represented by Roy Ramsaran from One Key MLS, while the seller is represented by the team of Scott Plasky and William Stephan from Marcus & Millichap.
Players
South Richmond Hill Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93