Wilson Narvaez Purchases Retail Property At 97 Lake Street Newburgh For $2.425M With Richard Guarino As The Broker
SOLD
$2,425,000
New York
See Similar DealsRetail13,468 SF
Sold 10/10/2024
SOLD
Wilson Narvaez Purchases Retail Property At 97 Lake Street Newburgh For $2.425M With Richard Guarino As The Broker
97 Lake Street
See Similar DealsRetail13,468 SF
Sold 10/10/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$180
Total Square Footage:13,468 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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