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3 Odell Plaza, Yonkers, NY ...

Robert Martin Company Sells Yonkers Office Property For $36.6M With Brokers Jeffrey Dunne, Steven Bardsley, David Gavin & Stuart Mackenzie
SOLDOffice

Robert Martin Company Sells Yonkers Office Property For $36.6M With Brokers Jeffrey Dunne, Steven Bardsley, David Gavin & Stuart Mackenzie

3 Odell Plaza, Yonkers, NY 10701, USA

$36,600,000

$280/SF

Building Size

130,607 SF

Asset Type

Office

Closing

Mar 16, 2021

AI

This office property located at 3 Executive Boulevard & 3 Odell Plaza in Yonkers was recently sold in a transaction that took place on 03/17/2021. The sale was facilitated by Jeffrey Dunne, Steven Bardsley, David Gavin, and Stuart Mackenzie from BRE Capital Markets, who acted as brokers in the deal. The seller of the property was the Robert Martin Company, represented by Timothy Jones. The property was sold for a total price of $36,600,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $36,600,000
  • Address: 3 Executive Boulevard & 3 Odell Plaza, Yonkers
  • Market: Yonkers

Spanning a total area of 130,607 square feet, the office property was sold at an approximate price per square foot (PPSF) of $280. The sale of this property in Yonkers showcases the growing demand for office spaces in the area.

Players

Steven Bardsley

CBRE

Broker

$1.9B

vol

47 deals

Broker

Timothy Jones

Robert Martin Company

Seller

$41.3M

vol

2 deals

Seller

City of Yonkers Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93