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300 New York Highway 59

Anthos 300 Route LLC & Anthos 61 Smith LLC Acquire Retail Properties In Nanuet For $7.6M
SOLDRetail

Anthos 300 Route LLC & Anthos 61 Smith LLC Acquire Retail Properties In Nanuet For $7.6M

300 New York Highway 59 & 61 Smith Street

$7,600,000

Building Size

Asset Type

Retail

Closing

Aug 18, 2024

AI

Two retail properties located at 300 New York Highway 59 and 61 Smith Street in Nanuet were sold for a total price of $7,600,000. The property at 300 New York Highway 59 was sold for $5.3 million, while the property at 61 Smith Street fetched $2.3 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,600,000
  • Buyer: Anthos 300 Route LLC & Anthos 61 Smith LLC
  • Seller: Tara Bay Holding Corporation & Early Bird Realty LLC
  • Broker: Donny Moskovic - Katz & Associates

The buyers, Anthos 300 Route LLC and Anthos 61 Smith LLC, are affiliated entities based in Nanuet, while the sellers, Tara Bay Holding Corporation and Early Bird Realty LLC, are based in Boca Raton.

Players

Donny Moskovic

Katz & Associates

Broker

$7.6M

vol

1 deal

Broker

Nanuet 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

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93