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1570 Saint Peters Avenue, T...

Updated Oct 28, 2024

IYAHO Social Services Acquires Office Building In Westchester Square For $2.4M
SOLDOffice

IYAHO Social Services Acquires Office Building In Westchester Square For $2.4M

1570 Saint Peters Avenue, The Bronx, New York 10461, United States

$2,400,000

$275/SF

Building Size

8,700 SF

Asset Type

Office

Closing

Mar 7, 2022

About this deal

AI

Located in Westchester Square, the property at 1570 St. Peters Ave. recently changed hands in a sale transaction. The asset is an office space spanning 8,700 square feet. The deal was facilitated by Richard T. Guarino of Friedman-Roth, who represented the seller. The buyer in this transaction was IYAHO Social Services. The sale price for this property was $2,400,000, which equates to a price per square foot of $275.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $2,400,000
  • Address: 1570 St. Peters Ave.
  • Market: Westchester Square
  • Buyer: IYAHO Social Services
  • Seller's Representative: Richard T. Guarino - Friedman-Roth
  • Square Footage: 8,700
  • Price per Square Foot: $275

In this transaction, Richard T. Guarino of Friedman-Roth represented the seller in the deal. Their expertise and negotiation skills likely played an important role in securing the sale at a favorable price. On the buyer's side, IYAHO Social Services recognized the value of this office space and made the decision to invest in the property.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$313.1M

vol

53 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $275 per square foot on a published $2.4M for 8,700 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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