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
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