NetstReit Acquires Retail Property In Buffalo For $9M
890 Young St,Buffalo,New York
$9,000,000
$176/SF
Building Size
51,000 SF
Asset Type
Retail
Closing
Jun 15, 2022
About this deal
AI
A retail property located at 890 Young St. in Buffalo has been sold. The property, measuring approximately 51,000 square feet, was sold for $9,000,000. The price per square foot is estimated to be $176.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 890 Young St.
- Market: Buffalo
- Square Footage: 51,000
NETSTREIT was the buyer of the property, while SCG Retail served as the seller. The deal was facilitated by Sam Seelenfreund from Cleeman Realty Group.
The retail sale at 890 Young St,Buffalo,New York in Tonawanda, New York sold for $9M in 2022. The building is 51,000 square feet, implying about 176 per square foot on the published price. Samuel "Sam" Seelenfreund, Cleeman Realty Group appear on the sale alongside Cleeman Realty Group. This page is the Tonawanda, New York file for the 890 Young St,Buffalo,New York retail sold: pricing, party profiles, and other closed retail comps from the same Tonawanda sit in the Market section below. Filter that Tonawanda retail set by closing date to see what else sold near 890 Young St,Buffalo,New York around 2022. Published consideration for 890 Young St,Buffalo,New York is $9M, dated 2022. Cite this NetstReit Acquires Retail Property In Buffalo For $9M sale when underwriting similar retail product around Tonawanda, New York.
Players
Tonawanda 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93