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355 Main Street

Parham Alizadeh Acquires 35,000 SF Office Complex In Westchester For $7.35M
SOLDOffice

Parham Alizadeh Acquires 35,000 SF Office Complex In Westchester For $7.35M

355 Main Street

$7,350,000

$210/SF

Building Size

35,000 SF

Asset Type

Office

Closing

Feb 3, 2023

AI

Located in the heart of Downtown Armonk, the recently sold office complex at 355 & 357 Main Street offers a total of 35,000 square feet of space. The property consists of two boutique, multi-tenanted office buildings. The transaction took place in Westchester's office market.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $7,350,000
  • Address: 355 & 357 Main Street
  • Market: Westchester

The buyer of the property was Parham Alizadeh, while Debbie Cardile acted as the seller. The deal was facilitated by the brokers DJ Johnston, Maria D'Angelo, and Jermaine Pugh from B6 Real Estate Advisors. They represented their respective clients in the transaction.

B6 Real Estate Advisors successfully sold 355 & 357 Main Street as a 35,000 square foot office complex. For any inquiries about this property or if you own a similar asset and want to learn more about the transaction, you can contact DJ Johnston at [email protected] or call 914-584-7422.

Players

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker

Parham Alizadeh

Buyer

$14.7M

vol

2 deals

Buyer

Debbie Cardile

Seller

$14.7M

vol

2 deals

Seller

Armonk 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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93