Havid Carrillo Acquires Retail Property In Buffalo For $1.97M
SOLD
$1,965,812
New York
See Similar DealsRetail4,350 SF
Sold 06/10/2021
SOLD
Havid Carrillo Acquires Retail Property In Buffalo For $1.97M
2250 Niagara Falls Boulevard, Buffalo, NY, USA
See Similar DealsRetail4,350 SF
Sold 06/10/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$451
Total Square Footage:4,350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$104,843.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,984.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,318.95
Annual Debt Service$111,827.42
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