Abraham Linch Acquires Package Deal In Yonkers For $6.25M
SOLD
$6,250,000
New York
See Similar DealsPackage Deal35,188 SF
Sold 07/15/2022
SOLD
Abraham Linch Acquires Package Deal In Yonkers For $6.25M
12 Orchard Street
See Similar DealsPackage Deal35,188 SF
Sold 07/15/2022
Summary
NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$177
Total Square Footage:35,188 SF
Transaction Type:Sale
Located in Yonkers, the property at 12 Orchard St. was recently sold in a package deal transaction. The buyer, Abraham Linch, acquired the property from the seller, Dong Rich, for a sale price of $6,250,000. The asset, consisting of a 35,188 square foot space, was sold at a price per square foot of $177.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $6,250,000
- Address: 12 Orchard St., Yonkers
NuRealty Advisors Inc., represented by Michael Nukho and Lukasz Przybylek, facilitated the transaction as the brokers. Michael Nukho can be found on LinkedIn at www.linkedin.com/in/michael-nukho-cpm-59926914, while Lukasz Przybylek's LinkedIn profile is available at linkedin.com/in/lukasz-przybylek-700a30181.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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