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Gitle Baske Acquires Retail Property In Westchester For $5.85M

Property Image
SOLD
$5,850,000

West Virginia

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Retail3,500 SF
Sold 08/14/2019
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Property Image
SOLD

Gitle Baske Acquires Retail Property In Westchester For $5.85M

193 E Main St

See Similar Deals
Retail3,500 SF
Sold 08/14/2019
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Summary

WEST VIRGINIA
Asset Type:Retail
Price Per Square Foot:$1,671
Total Square Footage:3,500 SF
Transaction Type:Sale

The retail property located at 193 E Main St in Westchester has been sold. The property spans 3,500 square feet and was sold at a price of $5,850,000. The sale price per square foot amounts to $1,671.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,850,000
  • Address: 193 E Main St
  • Market: Westchester

Ken Martibano was the seller of the property. The buyer, Gitle Baske, acquired the property for a price of $5,850,000. Chinho Park served as the seller's representative in the transaction.

Players

Chin Ho Park
2 deals$5.9M volume
BROKER

Details

SOLD
IMAGE: Chinho Park & Stuart Frankel DATE: 08/14/2019 ADDRESS: 193 E Main St MARKET: Westchester ASSET TYPE: Retail SELLER: Ken Martibano BUYER: Gitle Baske SELLER’S REP: Chinho Park ASKING PRICE: $6,100,000 SALE PRICE: $5,850,000 SF: 3,500 PPSF: $1,671

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81