Anthony Espinal Purchases Retail Property In Yonkers From Joseph Yunason And Gabi Katan For $3.25M
579 South Broadway & 587 South Broadway
$3,250,000
$165/SF
Building Size
9,800 SF
Asset Type
Retail
Closing
Oct 19, 2024
About this deal
AI
The transaction involves the sale of a retail property located at 579 South Broadway & 587 South Broadway in Yonkers. The property encompasses 9,800 square feet of building space and sits on a 20,000 square foot lot. The sale price for the asset was $3,250,000, resulting in a price per square foot of $331.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,250,000
- Building Square Footage: 9,800 SF
- Lot Square Footage: 20,000 SF
- Buyer: Anthony Espinal
- Seller: Joseph Yunason, Jonathan Yunason & Gabi Katan
- Date of Sale: 10/19/2024
The deal was facilitated by key individuals in the transaction. Joseph Yunason, Jonathan Yunason, and Gabi Katan represented the sellers while Anthony Espinal acted as the buyer in this transaction.
On the Map
$3,250,000
$165/SF
Retail
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Players
Yonkers 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93