Andrew Lichtenstein Acquires Retail Property In Congers, Rockland County For $4M
SOLD
$4,000,000
New York
See Similar DealsRetail40,361 SF
Sold 01/11/2021
SOLD
Andrew Lichtenstein Acquires Retail Property In Congers, Rockland County For $4M
North Route 303, Nyack, Rockland County, NY, USA
See Similar DealsRetail40,361 SF
Sold 01/11/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:40,361 SF
Transaction Type:Sale
A retail property located at 285 North Route 303 in Congers, Rockland County, NY has been sold for $4,000,000. The transaction took place on 01/11/2021. The property consists of 24 units, resulting in a price per unit of $166,667. It has a total area of 40,361 square feet, with a price per square foot of $99. The sale of this retail asset was facilitated by broker Andrew Lichtenstein from ichtensteinRE.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Units: 24
- Price per Unit: $166,667
- Square Footage: 40,361
- Price per Square Foot: $99
Andrew Lichtenstein from ichtensteinRE played a key role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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