IPark Acquires School In Yonkers For $52.6M
463 Hawthorne Avenue, Yonkers, New York 10705, United States
$52,600,000
Building Size
—
Asset Type
Other
Closing
Dec 29, 2022
AI
Rising Ground has sold a school property located at 463 Hawthorne Avenue in Yonkers. The property spans 28 acres and was sold to iPark. The transaction was facilitated by Lindsay Ornstein and Stephen Powers of OPEN Impact Real Estate for a sale price of $52,600,000.
Summary of transaction details
- Property Type: School
- Transaction Amount: $52,600,000
- Address: 463 Hawthorne Avenue
- Market: Yonkers
- Acres: 28
- Buyer: iPark
- Seller: Rising Ground
- Brokers: Lindsay Ornstein & Stephen Powers - OPEN Impact Real Estate
Lindsay Ornstein and Stephen Powers of OPEN Impact Real Estate represented the buyer and seller in the transaction.
Players
Yonkers Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93