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William Kukielka Acquires Retail Property In Orange County From Michael Silvermintz For $8.7M

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SOLD
$8,700,000

New York

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Retail15,000 SF
Sold 04/07/2022
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SOLD

William Kukielka Acquires Retail Property In Orange County From Michael Silvermintz For $8.7M

96 Dolson Avenue, Middletown, New York 10940, United States

See Similar Deals
Retail15,000 SF
Sold 04/07/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$580
Total Square Footage:15,000 SF
Transaction Type:Sale

The retail property located at 96 Dolson Ave. in Orange County was recently sold for $8,700,000. The transaction took place on 04/07/2022. The property spans a total of 15,000 square feet, resulting in a price per square foot of $580. The buyer, William Kukielka, acquired the property from the seller, Michael Silvermintz. The sale was facilitated by broker Josh Goldflam from Highcap Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $8,700,000
  • Address: 96 Dolson Ave.
  • Market: Orange County

The transaction involved a 15,000 square foot retail property in Orange County. The buyer, William Kukielka, purchased the property from the seller, Michael Silvermintz, for a total of $8,700,000. The buyer was represented by broker Josh Goldflam from Highcap Group. It is worth noting that the property is subject to a triple net lease with 12 years remaining, plus options. The sale was completed at a 5.75% capitalization rate.

Players

Josh Goldflam
29 deals$278.1M volume
BROKER

Details

SOLD
IMAGE: Josh Goldflam DATE: 04/07/2022 ADDRESS: 96 Dolson Ave. MARKET: Orange County ASSET TYPE: Retail BUYER: William Kukielka SELLER: Michael Silvermintz BROKER: Josh Goldflam (@JoshGoldflam) - Highcap Group (@Highcap_Group) SALE PRICE: $8,700,000 SF: 15,000 ~ PPSF: $580 NOTE FROM @Highcap_Group: NNN Lease with 12 years remaining plus options. Sold for a 5.75% CAP Rate

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Debt Service Coverage Ratio (DSCR)

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