Stephen DeStefano Acquires Retail Property In Westchester County For $1.05M
93 Lake Avenue & 95 Lake Avenue
$1,050,000
$76/SF
Building Size
13,800 SF
Asset Type
Retail
Closing
Jan 11, 2024
AI
The retail property located at 93-95 Lake Avenue in Westchester County has been sold for a price of $1,050,000. The property spans 6,900 square feet, resulting in a price per square foot of $152.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,050,000
- Square Footage: 6,900
- Price per Square Foot: $152
- Address: 93-95 Lake Avenue, Westchester County
- Market: Westchester County
Stephen DeStefano has purchased the property from John Quintano. The deal was facilitated by brokers Sean Campbell, Michael Scrima, and Thomas Gorman Jr. from Redwood Realty Advisors.
Players
Tuckahoe 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93