Updated Sep 9, 2024
Marshall Weisman Acquires Mixed-Use Property In Scranton, PA For $855,000
1820-1844 North Main Avenue
$855,000
$14/SF
Building Size
59,523 SF
Asset Type
Mixed-use
Closing
Mar 28, 2023
About this deal
AI
The mixed-use property located at 1820-1844 North Main Avenue in Scranton, PA has been sold for a total of $855,000. The property spans an area of 59,523 square feet, resulting in a price per square foot of $14. The transaction took place on the 28th of March, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $855,000
- Address: 1820-1844 North Main Avenue, Scranton, PA
- Market: Scranton, PA
The buyer of this property is Marshall Weisman, while the seller is Nasser Mohammadzad. The deal was facilitated by Christian Madigan, Thomas Gorman Jr, and Michael Scrima, who represent Redwood Realty Advisors.
It is worth noting that the property was largely unoccupied at the time of the transaction. The buyer plans to undertake a full renovation of the buildings.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.55%
Cash-on-Cash
-5.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93