Mike Lage Acquires Retail Property On 280 East Main Street In Elmsford For $4.1M
280 E Main St Elmsford, NY 10523, USA
$4,100,000
$1,863/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
May 17, 2023
About this deal
AI
A retail property located at 280 East Main Street in Elmsford has been sold for $4,100,000. The property spans 2,200 square feet, resulting in a price per square foot of $1,864. The transaction took place on May 17, 2023. The buyer in this deal was Mike Lage, while the seller was Benjamin Moss.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Address: 280 East Main Street
- Market: Elmsford
- Square Footage: 2,200
- Buyer: Mike Lage
- Seller: Benjamin Moss
Nir Mor represented the buyer, Mike Lage, in this transaction. Jeff Kintzer acted as the seller's representative, representing Benjamin Moss. These key individuals played crucial roles in facilitating the successful sale of the retail property on East Main Street.
On the Map
$4,100,000
$1,863/SF
Retail
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Players
New York 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93