Jim Botsacos Acquires Retail Property In Ulster County For $4M
3139 Route 9w, Saugerties, New York 12477, United States
$4,000,000
$62/SF
Building Size
63,907 SF
Asset Type
Retail
Closing
Apr 6, 2022
AI
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
Saugerties 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