Northeast Capital Group Acquires Retail Property In West Haverstraw For $26.5M
SOLD
$26,500,000
+ 3
New York
See Similar DealsRetail156,185 SF
Sold 07/11/2022
SOLD
Northeast Capital Group Acquires Retail Property In West Haverstraw For $26.5M
45 South Route 9w, West Haverstraw, New York 10993, United States
See Similar DealsRetail156,185 SF
Sold 07/11/2022
+ 3
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$169
Total Square Footage:156,185 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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