HIG & Robert Martin Acquire Office Portfolio Including One Executive Blvd In Yonkers For $487.5M
1 Executive Blvd #435, Yonkers, NY 10701, USA
$487,500,000
$15/SF
Building Size
31,000,000 SF
Asset Type
Office
Closing
Jun 5, 2019
About this deal
AI
One Executive Blvd and 61 other properties in Yonkers, Westchester, and Stamford have been sold in a closed property transaction. The office properties were purchased for a total price of $487,500,000 by HIG & Robert Martin. The seller of these properties was Mack-Cali Realty. The total square footage of the properties is approximately 3,100,000 square feet, with an average price per square foot of $157.
Summary of transation details
- Property Type: Office
- Transaction Amount: $487,500,000
- Square Footage: 3,100,000
- Price per Square Foot: $157
- Buyer: HIG & Robert Martin
- Seller: Mack-Cali Realty
- Brokers: Jordan Avanzato, Marc Duval, & Jose Cruz
Jordan Avanzato, Marc Duval, and Jose Cruz represented the buyer and seller in this transaction.
Players
Yonkers Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc Duval to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93