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SA Realty Acquires 20-Acre Retail Property In Queensbury, NY For $12.1M
SOLD
$12,100,000
New York
See Similar DealsRetail
Sold 05/03/2023
SOLD
SA Realty Acquires 20-Acre Retail Property In Queensbury, NY For $12.1M
1323, 820 U.S. 9, Queensbury, NY 12804
See Similar DealsRetail
Sold 05/03/2023
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
SA Realty, led by Tarek Ambia, has acquired a 20-acre retail property located at 1323 820 US-9 in Queensbury, NY from an affiliate of RCG Ventures for $12.1 million. The property is a retail asset situated in Queensbury.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,100,000
- Address: 1323 820 US-9, Queensbury, NY
- Market: Queensbury
- Acres: 20
The buyer of this retail property is SA Realty, represented by Tarek Ambia. The seller is an affiliate of RCG Ventures.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$645,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,988.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,360.17
Annual Debt Service$688,322.08
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