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
About this deal
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.
On the Map
$7,600,000
Retail
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Players
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