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2250 Niagara Falls Boulevar...

Havid Carrillo Acquires Retail Property In Buffalo For $1.97M
SOLDRetail

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

Romain Sinclair

Greysteel

Broker

$33.2M

vol

14 deals

Broker

Havid Carrillo

Buyer

$3.2M

vol

2 deals

Buyer

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