Private Trust Acquires Retail Property On McLean Ave In Yonkers For $2.7M
SOLD
$2,700,000
New York
See Similar DealsRetail9,500 SF
Sold 02/26/2019
SOLD
Private Trust Acquires Retail Property On McLean Ave In Yonkers For $2.7M
896 McLean Ave, Yonkers, NY, 10704
See Similar DealsRetail9,500 SF
Sold 02/26/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$284
Total Square Footage:9,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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