facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

93 Lake Avenue

Stephen DeStefano Acquires Retail Property In Westchester County For $1.05M
SOLDRetail

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

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

Tuckahoe Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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