Havid Carrillo Acquires Retail Property In Buffalo For $1.97M
2250 Niagara Falls Boulevard, Buffalo, NY, USA
$1,965,812
$451/SF
Building Size
4,350 SF
Asset Type
Retail
Closing
Jun 9, 2021
AI
The retail property located at 2250 Niagara Falls Blvd in Buffalo has been sold for a total of $1,965,812. The property spans across 9,100 square feet, resulting in a price per square foot of $216. The transaction was facilitated by Romain Sinclair from Greysteel, who represented the buyer, Havid Carrillo, and the seller, The Broadway Group - Bob Broadway.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,965,812
- Address: 2250 Niagara Falls Blvd
- Market: Buffalo
- Square Footage: 9,100
- Price Per Square Foot: $216
- Buyer: Havid Carrillo
- Seller: The Broadway Group - Bob Broadway
- Broker: Romain Sinclair - Greysteel
Romain Sinclair from Greysteel played a crucial role in representing both the buyer and seller throughout the transaction process.
Players
Buffalo 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
8.07%
Cash-on-Cash
-2.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93