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1555 1571 Albany Post Road

HMS Capital Management Acquires Retail Property In Wappingers Falls For $10.38M
SOLDRetail

HMS Capital Management Acquires Retail Property In Wappingers Falls For $10.38M

1555 1571 Albany Post Road

$10,380,000

$40/SF

Building Size

257,768 SF

Asset Type

Retail

Closing

Jun 3, 2025

AI

The property asset involved in this transaction is a retail space located at 1555-1571 Albany Post Road in Wappingers Falls, NY. The sale price for this asset was $10,380,000 and it encompasses a total square footage of 257,768, translating to a price per square foot of $40.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,380,000
  • Buyer: HMS Capital Management
  • Seller: Chuck Anderson
  • Attorneys: Adam J. Weiss, Esq. & Sebastian Bohorquez, Esq. - Weiss Law

The deal was facilitated by Adam J. Weiss and Sebastian Bohorquez of Weiss Law, who are actively managing transactions for their clients across the United States.

Players

Wappingers Falls Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93