Northeast Capital Group Acquires Retail Property In West Haverstraw For $26.5M
45 South Route 9w, West Haverstraw, New York 10993, United States
$26,500,000
$169/SF
Building Size
156,185 SF
Asset Type
Retail
Closing
Jul 10, 2022
About this deal
AI
The retail property located at 45 South Route 9W in West Haverstraw has been sold for $26,500,000. Spanning 156,185 square feet, the property was acquired by Northeast Capital Group from sellers Mark Holdings LLC and Paragon Realty Group LLC. The sale price reflects a per square foot value of $169.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,500,000
- Address: 45 South Route 9W, West Haverstraw
- Square Footage: 156,185
- Price per Square Foot: $169
Leading the deal were brokers Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O’Hearn, Austin Pierce, and Andrew Scandalios from JLL.
Players
West Haverstraw 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93