Wilder Balther Partners Acquires Retail Property In Tarrytown For $6.45M
62 Main Street, Tarrytown, NY, USA
$6,450,000
$155/SF
Building Size
41,537 SF
Asset Type
Retail
Closing
Mar 30, 2021
AI
Located at 62 Main St. in Tarrytown, this retail property was recently sold for a total price of $6,450,000. The transaction took place on March 31, 2021. Spanning across 41,537 square feet, the property boasts a sale price per square foot of $155. The buyer, William Balther, represented by Wilder Balther Partners Inc., acquired the property from the seller, Gerry Riera, who represented the Family YMCA of Tarrytown. The deal was facilitated by brokers John Barrett and Katelin Van Voorhis from RM Friedland.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,450,000
- Address: 62 Main St., Tarrytown
- Market: Tarrytown
This noteworthy transaction saw William Balther of Wilder Balther Partners Inc. purchase the retail property located at 62 Main St. in Tarrytown. Gerry Riera represented the Family YMCA of Tarrytown as the seller. John Barrett and Katelin Van Voorhis, brokers from RM Friedland, played a crucial role in facilitating the deal.
Players
Tarrytown 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93