Sean Mackin Acquires Mixed-Use Property On Saw Mill River Rd. In Yonkers For $2.975M
614 Saw Mill River Rd, Yonkers, NY, USA
$2,975,000
$185/SF
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
Nov 3, 2021
About this deal
AI
A mixed-use property located at 614 Saw Mill River Rd in Yonkers has been sold for $2,975,000. Spanning 16,000 square feet, the property was purchased by Sean Mackin from the seller Don Beniamino. The transaction was facilitated by brokers Anthony Watkins & David Algarin of The Oak & Avery Group. The property is situated in a prime location in the market of Yonkers.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,975,000
- Square Footage: 16,000
- Address: 614 Saw Mill River Rd
- Market: Yonkers
Anthony Watkins & David Algarin, representing The Oak & Avery Group, played a crucial role as brokers in facilitating the sale. Their expertise and negotiation skills ensured a successful transaction between the buyer, Sean Mackin, and the seller, Don Beniamino.
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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93