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
Armonk 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93