Hudson Hill Partners Acquires Office Property On Main Street In Westchester County
64 Main Street, Irvington, New York 10533, United States
$2,055,000
$234/SF
Building Size
8,750 SF
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
A 8,750 square foot office property located at 64 Main St. in Westchester County has been sold for $2,055,000. The buyer, Hudson Hill Partners, was represented by Dan Bsharat. The seller, Helmar Management, was represented by Elaine Cardea, Richard Orlando, and James Orlando. The sale was facilitated by Redwood Realty Advisors, with Sean Campbell, Michael Scrima, and Thomas Gorman, Jr. serving as the brokers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,055,000
- Address: 64 Main St., Westchester County
- Market: Westchester County
Sean Campbell, responsible for all retail and office sales for Redwood's New York office, played a key role in the transaction. Campbell services the lower Hudson Valley region.
Players
Irvington 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
7.72%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93