RM Friedland Acquires Development Site In Yonkers For $10.5M
1050 South Broadway, Yonkers, New York 10705, United States
$10,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 15, 2021
AI
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.
City of Yonkers Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93