Andrew Lichtenstein Acquires Retail Property In Congers, Rockland County For $4M
North Route 303, Nyack, Rockland County, NY, USA
$4,000,000
$99/SF
Building Size
40,361 SF
Asset Type
Retail
Closing
Jan 10, 2021
About this deal
AI
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.
Players
West Nyack 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93