HMS Capital Management Acquires Retail Property In Wappingers Falls For $10.38M
SOLD
$10,380,000
New York
See Similar DealsRetail257,768 SF
Sold
SOLD
HMS Capital Management Acquires Retail Property In Wappingers Falls For $10.38M
1555 1571 Albany Post Road
See Similar DealsRetail257,768 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:257768 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$553,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,877.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,206.50
Annual Debt Service$590,477.95
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