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
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.
Players
Buffalo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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