CBRE Brokers Sell Chappaqua Retail Property For $79.5M
480 South Bedford Road, Mount Kisco, New York 10549, United States
$79,500,000
$657/SF
Building Size
120,986 SF
Asset Type
Retail
Closing
Jan 24, 2022
About this deal
AI
The retail property located at 480 N. Bedford Rd. in Chappaqua has been sold for a total of $79,500,000. The property spans across 120,986 square feet, resulting in a price per square foot of $657. The transaction took place on January 25, 2022.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $79,500,000
- Address: 480 N. Bedford Rd.
- Market: Chappaqua
The sellers of the property were Summit Development and The Grossman Companies. Representing the deal, CBRE's Jeffrey Dunne, David Gavin, Steve Bardsley, Jeremy Neuer, and Travis Langer served as the brokers. The involvement of these individuals played a vital role in facilitating the successful transaction.
Players
Mount Kisco 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93