RW Real Estate Acquires Retail Property In Westchester For $3.35M From Seller Giselle Klein
356 South Broadway, Yonkers, New York 10705, United States
$3,350,000
$366/SF
Building Size
9,140 SF
Asset Type
Retail
Closing
May 24, 2022
AI
The recently closed property sale in Westchester involved a retail asset located at 356-358 & 353-359 S. Broadway. The property spans approximately 9,140 square feet and was sold for a total price of $3,350,000, resulting in a price per square foot of $366.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,350,000
- Address: 356-358 & 353-359 S. Broadway
- Market: Westchester
The buyer of the property was RW Real Estate, represented by Corey Horowitz. The seller in this transaction was Giselle Klein. The deal was facilitated by the brokers Scott Plasky, Billy Stephan, and Alex Arustamian, who are associated with Marcus & Millichap.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93