John Mesiti Acquires Retail Property In Greater Rochester For $6.98M
655 Jefferson Road, Rochester, New York 14623, United States
$6,980,000
$74/SF
Building Size
93,218 SF
Asset Type
Retail
Closing
Feb 2, 2022
AI
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.
Players
City of Rochester 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93