Jay Yackow Acquires Retail Property In Saint Albans For $2.35M With Brokers Scott Plasky & Billy Stephan
11713 Farmers Boulevard, St. Albans, NY 11412, USA
$2,350,000
$685/SF
Building Size
3,428 SF
Asset Type
Retail
Closing
Nov 16, 2021
About this deal
AI
The retail property located at 117-13 Farmers Boulevard in Saint Albans has been sold for $2,350,000. The property spans 3,428 square feet and was sold at a price per square foot of $685. The transaction took place on November 16, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 117-13 Farmers Boulevard, Saint Albans
- Square Footage: 3,428
- Price per Square Foot: $685
The buyer of the property is Jay Yackow, while the seller is Simkho Aranbaev. The deal was facilitated by brokers Scott Plasky and Billy Stephan from Marcus & Millichap.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93