RM Friedland Acquires Development Site In Yonkers For $10.5M
SOLD
$10,500,000
New York
See Similar DealsDevelopment Site
Sold 11/16/2021
SOLD
RM Friedland Acquires Development Site In Yonkers For $10.5M
1050 South Broadway, Yonkers, New York 10705, United States
See Similar DealsDevelopment Site
Sold 11/16/2021
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 1050 N. Broadway in Yonkers has been sold for a price of $10,500,000. The property spans an area of 4.4 acres and is situated in the Yonkers market. The transaction was facilitated by brokers John Barrett & David Scotto from RM Friedland.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Address: 1050 N. Broadway
- Market: Yonkers
- Acres: 4.4
The deal was successfully closed with the expertise and representation of John Barrett & David Scotto from RM Friedland. They played a pivotal role in facilitating the transaction between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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