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1444 East Boston Post Road

Lee & Associates NYC Facilitates $3.2M Retail Sale In Mamaroneck
SOLDRetail

Lee & Associates NYC Facilitates $3.2M Retail Sale In Mamaroneck

1444 East Boston Post Road

$3,200,000

$1,142/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Apr 24, 2024

AI

The property at 1444 East Boston Post Road in Mamaroneck, a retail asset, was sold for $3,200,000. The transaction involved a total area of 2,800 square feet, resulting in a price per square foot of $1,143.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,200,000
  • Address: 1444 East Boston Post Road
  • Market: Mamaroneck

Ben Tapper, Cory Gahr, and Peter Braus from Lee & Associates were the brokers who facilitated the sale of the property. They represented the seller, BFT Holdings, LLC, and connected them with the buyer, Integrity 1444 BPR LLC. Lee & Associates NYC played a crucial role in the transaction.

Players

Ben Tapper

Lee & Associates

Broker

$213.5M

vol

15 deals

Broker

Mamaroneck 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93