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96 Dolson Avenue, Middletow...

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

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

Josh Goldflam

Highcap Group

Broker

$278.1M

vol

29 deals

Broker

William Kukielka

Buyer

$8.7M

vol

2 deals

Buyer

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