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220 N Central Ave, Hartsdal...

In Jeong Son Acquires Office Building In Hartsdale For $1.995M
SOLDOffice

In Jeong Son Acquires Office Building In Hartsdale For $1.995M

220 N Central Ave, Hartsdale, NY, USA

$1,995,000

$216/SF

Building Size

9,223 SF

Asset Type

Office

Closing

May 6, 2021

AI

An office property located at 220 North Central Ave in Hartsdale has been sold. The property, spanning 9,223 square feet, was sold for a price of $1,995,000. The buyer, In Jeong Son, acquired the property from the seller, Rajeev Sindhwani. The transaction was facilitated by brokers Greg Corbin & Chaya Milworn from Rosewood Realty Group and The Corbin Group.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,995,000
  • Address: 220 North Central Ave
  • Market: Hartsdale

In Jeong Son successfully purchased the office property located at 220 North Central Ave in Hartsdale, with the assistance of brokers Greg Corbin & Chaya Milworn from Rosewood Realty Group and The Corbin Group. The property spans over 9,223 square feet and was acquired from Rajeev Sindhwani.

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

Hartsdale 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

7.95%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93