Ackman-Ziff Represents Sale Of Retail Property In Syracuse For $18.5M
SOLD
$18,500,000
New York
See Similar DealsRetail123,404 SF
Sold 10/21/2021
SOLD
Ackman-Ziff Represents Sale Of Retail Property In Syracuse For $18.5M
3469 Erie Blvd E, Syracuse, NY, USA
See Similar DealsRetail123,404 SF
Sold 10/21/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$149
Total Square Footage:123,404 SF
Transaction Type:Sale
A retail property located at 3469 Erie Blvd. in Syracuse was recently sold for $18,500,000. The property spans 123,404 square feet, resulting in a price per square foot of $151. The transaction took place on October 21, 2021. The property is situated in the Syracuse market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,500,000
- Square Footage: 123,404
- Price Per Square Foot: $151
- Date: October 21, 2021
- Address: 3469 Erie Blvd.
- Market: Syracuse
The sale of this retail property was facilitated by brokers Andrew Nahum and David Robinov from Ackman-Ziff.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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