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280 E Main St Elmsford, NY ...

Mike Lage Acquires Retail Property On 280 East Main Street In Elmsford For $4.1M
SOLDRetail

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

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.

Players

Nir Mor

Hanover Capital

Broker

$160.9M

vol

20 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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