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

Property Image
SOLD
$4,200,000
Brian Katz
John Heretakis

New York

See Similar Deals
Retail
Sold 04/28/2021
the dealplayerscompscontact
Property Image
SOLD

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

589 Tuckahoe Rd, Yonkers, NY, 10710

See Similar Deals
Retail
Sold 04/28/2021
Brian Katz
John Heretakis
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Transaction Type:Sale

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
Brian Katz
9 deals$9.2M volume
BROKER
John Heretakis
John Heretakis
2 deals$5.8M volume(516) 424-4855
BROKER

Details

SOLD
IMAGE: 589 Tuckahoe Rd, Yonkers, NY, 10710 MARKET: Yonkers SELLER'S REP: Brian Katz(Katz & Associates Real Estate Advisors), John Heretakis(Katz & Associates) BUYER: Carpionato Realty SELLER: Unknown PRICE: $4,200,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71