Private Trust Acquires Retail Property On McLean Ave In Yonkers For $2.7M
896 McLean Ave, Yonkers, NY, 10704
$2,700,000
$284/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Feb 26, 2019
About this deal
AI
The retail property located at 896 McLean Ave in Yonkers, NY, 10704, was sold for $2,700,000.00 on February 26, 2019. This property spans 9,500 square feet and is situated in the Yonkers market. The seller, represented by Matt Leszyk from Marcus & Millichap, concluded the deal with the buyer, a Private Trust.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000.00
- Address: 896 McLean Ave, Yonkers, NY, 10704
- Market: Yonkers
- Seller's Rep: Matt Leszyk (Marcus & Millichap)
- Buyer: Private Trust
- SF: 9500
The sale of the retail property was facilitated by Alan Cafiero, Ben Sgambati, and Matt Leszyk from Marcus & Millichap’s New Jersey office. The buyer, a personal trust, acquired the property, which is currently net leased to Dollar Tree.
Players
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93