Jim Botsacos Acquires Retail Property In Ulster County For $4M
SOLD
$4,000,000
New York
See Similar DealsRetail63,907 SF
Sold 04/07/2022
SOLD
Jim Botsacos Acquires Retail Property In Ulster County For $4M
3139 Route 9w, Saugerties, New York 12477, United States
See Similar DealsRetail63,907 SF
Sold 04/07/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$62
Total Square Footage:63,907 SF
Transaction Type:Sale
The retail property located at 3139 Rte. 9W in Ulster County has been sold for a price of $4,000,000. The property spans a total area of 63,907 square feet, resulting in a price per square foot of $62. The sale took place on 04/07/2022 and involved the following parties:
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 3139 Rte. 9W, Ulster County
- Market: Ulster County
The buyer of the property is Jim Botsacos, while the seller is Ed Kreuscher. The transaction was facilitated by the brokers Anthony Watkins and David Algarin from The Oak & Avery Group.
Players
Details
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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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