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861 Franklin Avenue, Thornw...

George O'Reilly & John Gill Sell Thornwood Mixed-Use Property For $2.3M With Brix Advisors As Brokers
SOLDMixed-use

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

Christian Dedvukaj

Princeton Realty Group

Broker

$23.9M

vol

8 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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