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.
New York 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93