In Jeong Son Acquires Office Property In Yonkers For $1.79M
1254 Central Park Avenue, Yonkers, NY, USA
$1,794,900
$276/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Apr 29, 2021
AI
The office building located at 1254-1270 Central Park Avenue in Yonkers has been sold in a closed transaction. The property, spanning 6,500 square feet, was listed for an asking price of $1,995,000. The sale was finalized at a price of $1,794,900, resulting in a price per square foot of $276. The transaction involved In Jeong Son as the buyer and Rajeev Sindhwani as the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,794,900
- Address: 1254-1270 Central Park Avenue, Yonkers
- Market: Yonkers
Representing the buyer, In Jeong Son was assisted by Greg Corbin and Chaya Milworn from The Corbin Group at Rosewood Realty Group. The seller, Rajeev Sindhwani, also had representation in the deal from Greg Corbin and Chaya Milworn at Rosewood Realty Group.
Players
City of Yonkers Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.84%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93