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1254 Central Park Avenue, Y...

In Jeong Son Acquires Office Property In Yonkers For $1.79M
SOLDOffice

In Jeong Son Acquires Office Property In Yonkers For $1.79M

1254 Central Park Avenue, Yonkers, NY, USA

$1,794,900

$276/SF

Building Size

6,500 SF

Asset Type

Office

Closing

Apr 29, 2021

AI

The office building located at 1254-1270 Central Park Avenue in Yonkers has been sold in a closed transaction. The property, spanning 6,500 square feet, was listed for an asking price of $1,995,000. The sale was finalized at a price of $1,794,900, resulting in a price per square foot of $276. The transaction involved In Jeong Son as the buyer and Rajeev Sindhwani as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,794,900
  • Address: 1254-1270 Central Park Avenue, Yonkers
  • Market: Yonkers

Representing the buyer, In Jeong Son was assisted by Greg Corbin and Chaya Milworn from The Corbin Group at Rosewood Realty Group. The seller, Rajeev Sindhwani, also had representation in the deal from Greg Corbin and Chaya Milworn at Rosewood Realty Group.

Players

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Rajeev Sindhwani

Seller

$3.8M

vol

2 deals

Seller

City of Yonkers Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.84%

Cash-on-Cash

-2.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93