Haxhi Krasniqi Acquires Mixed-use Property In Yonkers From Fishel Schlensinger For $1.48M
349 Saw Mill River Road, Yonkers, NY 10701, USA
$1,480,000
$280/SF
Building Size
5,285 SF
Asset Type
Mixed-use
Closing
Mar 24, 2021
About this deal
AI
A mixed-use property located at 349 Saw Mill River Rd. in Yonkers has been sold. The transaction took place on March 25, 2021, and the property was purchased for a sale price of $1,480,000. It consists of 9 units with a total square footage of 5,285. The price per unit is approximately $164,444, and the price per square foot is approximately $280. The property offers a cap rate of 6.2%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,480,000
- Address: 349 Saw Mill River Rd., Yonkers
- Units: 9
- Price per Unit: $164,444
- Square Footage: 5,285
- Price per Square Foot: $280
- Cap Rate: 6.2%
Haxhi Krasniqi is the buyer of the property, while Fishel Schlensinger is the seller. The deal was facilitated by brokers Anthony Watkins and David Algarin from Oak Avery Group.
Players
City of Yonkers Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93