A Centereach-based real estate investor has purchased a retail property in the upstate Village of Catskill.
The buyer’s entity, 19 Central LLC, purchased the 14,550-square-foot building on 1.8 acres at 19 Central Ave. in Catskill for $5.65 million.
The property is net-leased to Walgreens, which has 10 years remaining on its lease.
The sale price equates to a 6 percent cap rate.
Marty Sass of Silber Investment Properties represented the buyer, while his Silber Investment Properties colleague Nicolas Anzalone represented the seller, KAJ Properties LLC, in the sales transaction.
David Winzelberg
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