Retail Property Sold In Cheektowaga For $1.7 Million With Brokers Jimmy Ventura Cade Kearn Armond Aivazyan Glen Kunofsky
4199 Union Road
$1,700,000
$605/SF
Building Size
2,809 SF
Asset Type
Retail
Closing
Nov 1, 2024
About this deal
AI
The transaction involved a retail property located at 4199 Union Road in the Cheektowaga market. The sale price for the asset was $1,700,000, with a total square footage of 2,809, resulting in a price per square foot of $605.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 4199 Union Road
- Market: Cheektowaga
- Square Footage: 2,809
- Price per Square Foot: $605
The deal was represented by brokers Jimmy Ventura, Cade Kearn, Armond Aivazyan, and Glen Kunofsky from NNN Pro, showcasing their involvement in facilitating the transaction.
On the Map
$1,700,000
$605/SF
Retail
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Players
Buffalo 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93