Jack Terzi Acquires Retail Property In Yonkers For $12.5M
2700 Central Park Avenue, Yonkers, NY, USA
$12,500,000
$312/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Mar 4, 2019
AI
The retail property located at 2700 Central Park Ave in Yonkers has been sold in a transaction. The property spans an area of 40,000 square feet with a selling price of $12.5 million, resulting in a price per square foot of $312.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12.5 million
- Address: 2700 Central Park Ave, Yonkers
- Market: Yonkers
The seller, Robert Hopfenberg, represented by Fay Estates, sold the property to the buyer, Jack Terzi of JTRE. The transaction was facilitated by brokers Jeff Kintzer and Karnit Mosberg from Royal Properties Inc.
Players
City of Yonkers Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93