John Mesiti Acquires Retail Property In Greater Rochester For $6.98M
SOLD
$6,980,000
New York
See Similar DealsRetail93,218 SF
Sold 02/03/2022
SOLD
John Mesiti Acquires Retail Property In Greater Rochester For $6.98M
655 Jefferson Road, Rochester, New York 14623, United States
See Similar DealsRetail93,218 SF
Sold 02/03/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$74
Total Square Footage:93,218 SF
Transaction Type:Sale
Located at 655 Jefferson Rd. in Greater Rochester, this retail property was recently sold for $6,980,000. The transaction took place on February 3, 2022, and the property spans across 93,218 square feet. John Mesiti purchased the property from Lucia Moura in this closed deal.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,980,000
- Address: 655 Jefferson Rd.
- Market: Greater Rochester
- Square Footage: 93,218
DeWitt Goss and Jeffery Miller of Matthews Real Estate Investment Services served as the brokers in this transaction, representing both the buyer and the seller. Their expertise and guidance were instrumental in facilitating the successful sale of this retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$372,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,798.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,088.76
Annual Debt Service$397,065.13
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