Atlas Realty Group Partners LLC Sells Retail Property In Westchester Village For $4.7M
SOLD
$4,700,000
+ 2
New York
See Similar DealsRetail3,400 SF
Sold 05/05/2022
SOLD
Atlas Realty Group Partners LLC Sells Retail Property In Westchester Village For $4.7M
35 Westchester Road
See Similar DealsRetail3,400 SF
Sold 05/05/2022
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,382
Total Square Footage:3,400 SF
Transaction Type:Sale
The retail property located at 35 Westchester Square in Westchester Village has been sold for a price of $4,700,000. The property spans approximately 3,400 square feet, resulting in a price per square foot of $1,382. The transaction took place on May 5, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,700,000
- Address: 35 Westchester Square
- Market: Westchester Village
The seller of the property was the Adjmi Family. The deal was facilitated by the brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh of Atlas Realty Group Partners LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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