George O'Reilly & John Gill Sell Thornwood Mixed-Use Property For $2.3M With Brix Advisors As Brokers
861 Franklin Avenue, Thornwood, NY, USA
$2,295,000
$104/SF
Building Size
22,076 SF
Asset Type
Mixed-use
Closing
Dec 29, 2020
AI
Located in Thornwood, the mixed-use property at 861 Franklin Avenue and 17 Saint Charles Street has been sold. The transaction took place on December 30, 2020. The property spans a total area of 22,076 square feet, with a price per square foot of $103. The sale price amounted to $2,295,000. The sellers of the property were George O'Reilly and John Gill.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,295,000
- Address: 861 Franklin Avenue & 17 Saint Charles Street
- Market: Thornwood
- Square Footage: 22,076
The sale of this property was facilitated by Christian Dedvukaj and Matthew Barbaccia, representing Brix Real Estate Advisors. Brix Real Estate Advisors specializes in sales and financing of investment properties in NYC and Westchester County. For further inquiries, you can contact Christian Dedvukaj at [email protected] or Matthew Barbaccia at [email protected]. You can also reach out to them directly by calling 914-300-4444. Brix Real Estate Advisors can be found on Instagram at @BrixAdvisors.
Players
Thornwood 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
6.91%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93