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
About this deal
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.
On the Map
$36,600,000
$280/SF
Office
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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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93