In Jeong Son Acquires Office Property In Yonkers For $1.79M
SOLD
$1,794,900
New York
See Similar DealsOffice6,500 SF
Sold 04/30/2021
SOLD
In Jeong Son Acquires Office Property In Yonkers For $1.79M
1254 Central Park Avenue, Yonkers, NY, USA
See Similar DealsOffice6,500 SF
Sold 04/30/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$276
Total Square Footage:6,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,728.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,376.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,508.74
Annual Debt Service$102,104.90
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