John Valle Buys Retail Property In Mamaroneck For $1.65M With Broker Representation From Anthony Watkins & David Algarin
659 W Boston Post Rd, Mamaroneck, NY, USA
$1,650,000
$438/SF
Building Size
3,765 SF
Asset Type
Retail
Closing
Dec 20, 2020
About this deal
AI
The retail property located at 659 W Boston Post Rd in Mamaroneck was recently sold for $1,650,000. The transaction took place on 12/21/2020. The property spans across 3,765 square feet, resulting in a price per square foot of $438. The capitalization rate for this sale is 5.5%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 3,765
- Price per Square Foot: $438
- Capitalization Rate: 5.5%
John Valle acquired the property from Angela Ponsch. The buyer was represented by Anthony Watkins and David Algarin from Oak Avery Group.
Players
Mamaroneck 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93