Marwan Abdullah Acquires Office Building In Yonkers, NY For $5.575M
955 Yonkers Avenue & 955 Yonkers Avenue, 955 Yonkers Ave, Yonkers, New York 10704, United States
$5,575,000
$114/SF
Building Size
48,553 SF
Asset Type
Office
Closing
Dec 15, 2022
About this deal
AI
A 48,553 square foot office property located at 955 Yonkers Avenue in Yonkers has been sold for $5,575,000. The sale was completed on December 15, 2022. The property was purchased by Marwan Abdullah from the seller, Prana Investments, represented by Rick Herman. The transaction was facilitated by Marco Lala, David Raciti, Jack Lala, Michelle Lala, and David Scotto from RM Friedland.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $5,575,000
- Square Footage: 48,553
- Price per Square Foot: $115
- Address: 955 Yonkers Avenue
- Market: Yonkers
In this deal, Marco Lala, David Raciti, Jack Lala, Michelle Lala, and David Scotto from RM Friedland acted as brokers representing both the buyer and the seller. The transaction showcases the active real estate market in Yonkers, where the property was located.
On the Map
$5,575,000
$114/SF
Office
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Players
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
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93