Nigro Companies Acquires Retail Property In Albany For $15.1M
501 Columbia Turnpike, Rensselaer, NY 12144, USA
Building Size
25,270 SF
Asset Type
Retail
Closing
Mar 1, 2017
About this deal
AI
The property located at 501 Columbia Tpke in Albany was recently sold in March 2017. The asset is a retail property and was sold for a total price of $15,100,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,100,000
The seller in this transaction was Capstone Realty Group and WP Realty Inc. The buyer was Nigro Companies.
Traded’s record for 501 Columbia Turnpike, Rensselaer, NY 12144, USA in Rensselaer, New York covers a retail sale from 2017. The building is 25,270 square feet, implying about 0 per square foot on the published price. This page is the Rensselaer, New York file for the 501 Columbia Turnpike, Rensselaer, NY 12144, USA retail sold: pricing, party profiles, and other closed retail comps from the same Rensselaer sit in the Market section below. Filter that Rensselaer retail set by closing date to see what else sold near 501 Columbia Turnpike, Rensselaer, NY 12144, USA around 2017. Cite this Nigro Companies Acquires Retail Property In Albany For $15.1M sale when underwriting similar retail product around Rensselaer, New York.
Players
Rensselaer Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93