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579 South Broadway

Anthony Espinal Purchases Retail Property In Yonkers From Joseph Yunason And Gabi Katan For $3.25M
SOLDRetail

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

19,600 SF

Asset Type

Retail

Closing

Oct 19, 2024

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.

Players

Gabi Katan

REDA Group

Broker

$8.1M

vol

3 deals

Broker

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