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356 South Broadway, Yonkers...

RW Real Estate Acquires Retail Property In Westchester For $3.35M From Seller Giselle Klein
SOLDRetail

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

William Stephan

Marcus & Millichap

Broker

$236.5M

vol

39 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker
Corey Horowitz

Corey Horowitz

RW Real Estate

Buyer

$23M

vol

7 deals

Buyer

Giselle Klein

Seller

$6.7M

vol

2 deals

Seller

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