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589 Tuckahoe Rd, Yonkers, N...

Carpionato Realty Purchases Property At 589 Tuckahoe Rd Yonkers For $4.2M With Katz & Associates
SOLDRetail

Carpionato Realty Purchases Property At 589 Tuckahoe Rd Yonkers For $4.2M With Katz & Associates

589 Tuckahoe Rd, Yonkers, NY, 10710

$4,200,000

Building Size

Asset Type

Retail

Closing

Apr 28, 2021

AI

A retail building located at 589 Tuckahoe Rd, Yonkers, NY 10710, was sold for $4,200,000. The property spans 1.7 acres and was previously occupied by 24 Hour Fitness. The market for this transaction is Yonkers, and the property has a square footage of 0.

Summary of transaction details:

  • Property Type: Retail Building
  • Transaction Amount: $4,200,000.00
  • Address: 589 Tuckahoe Rd, Yonkers, NY 10710
  • Market: Yonkers
  • Seller: Unknown
  • Buyer: Carpionato Realty
  • Seller's Representatives: Brian Katz (Katz & Associates Real Estate Advisors), John Heretakis (Katz & Associates)
  • Buyer's Representative: Tyler Lyman (True Commercial)

The transaction was facilitated by Brian Katz and John Heretakis representing the undisclosed seller. Carpionato Realty was represented by Tyler Lyman of True Commercial in this deal. Katz & Associates played a significant role in brokering the sale of the asset.

Players

Brian Katz

Katz & Associates Real Estate Advisors

Broker

$9.2M

vol

9 deals

Broker

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93