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LI real estate investor acquires upstate retail property | Long Island Business News
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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.
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David Winzelberg
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