40014 10th Street W Palmade LLC Acquires Retail Property In Cheektowaga For $3.13M
3729 Union Road, Cheektowaga, New York 14225, United States
$3,130,000
$1,043,333/SF
Building Size
3 SF
Asset Type
Retail
Closing
Dec 23, 2022
About this deal
AI
Located at 3729 Union Rd in Cheektowaga, this retail property was recently sold in a closed transaction. The property spans across 3,700 square feet and was sold at a price of $3,130,000, resulting in a price per square foot of $346. The buyer in this transaction was 40014 10th Street W Palmade LLC, while the seller was Union Food-RE LLC.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,130,000
- Address: 3729 Union Rd
- Market: Cheektowaga
- Buyer: 40014 10th Street W Palmade LLC
- Seller: Union Food-RE LLC
- Square Footage: 3,700
- Price per Square Foot: $346
In this transaction, 40014 10th Street W Palmade LLC acted as the buyer, represented by their broker. The seller, Union Food-RE LLC, was represented by their broker as well. This closed property transaction showcases the successful transfer of ownership and reflects the current market value of the retail property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.07%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93