William Kukielka Acquires Retail Property In Orange County From Michael Silvermintz For $8.7M
96 Dolson Avenue, Middletown, New York 10940, United States
$8,700,000
$580/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Apr 6, 2022
AI
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
Middletown 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93