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97 Lake Street

Wilson Narvaez Purchases Retail Property At 97 Lake Street Newburgh For $2.425M With Richard Guarino As The Broker
SOLDRetail

Wilson Narvaez Purchases Retail Property At 97 Lake Street Newburgh For $2.425M With Richard Guarino As The Broker

97 Lake Street

$2,425,000

$180/SF

Building Size

13,468 SF

Asset Type

Retail

Closing

Oct 10, 2024

AI

The property involved in this transaction is a retail asset located at 97 Lake Street in Newburgh. The sale price of the property was $2,425,000, covering a total area of 13,468 square feet. The price per square foot amounted to $180.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,425,000
  • Address: 97 Lake Street
  • Market: Newburgh
  • Square Footage: 13,468
  • Price Per Square Foot: $180
  • Buyer: Wilson Narvaez
  • Broker: Richard Guarino - Friedman-Roth Realty

Richard Guarino represented the buyer in this transaction, and special thanks were extended to Anthony Cornicello Esq. for his significant contributions to the successful closing of the deal.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$305.7M

vol

52 deals

Broker

Newburgh 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

6.54%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93