* NPCG closed the sale of 106 Locust Hill Ave., a 42-unit multifamily property located in Yonkers. The seller, JAM 3 Property LLC of Bedford, transferred the property to a Yonkers-based investor for $4.55 million. This price equates to a price per unit of more than $108,000 and a capitalization rate of 7.6% on the current net operating income.
* Jordan and D'Ambrosio closed the sale of 6 East Sidney Ave. in Mount Vernon. The 27,000 s/f property includes six stores and 24 apartments. The seller, Trion Real Estate Management of Yonkers, transferred to the property to a Bronx-based investor for $3.15 million. This price equates to a price per s/f of more than $116 and a capitalization rate of 7.7% on the current net operating income.
* NPCG closed an earlier transaction for seller Trion Real Estate Management with the sale of 5 West 4th St. in Mount Vernon. The 34,000 s/f property, comprising three stores and 36 apartments, was sold to a Bronx-based investor for $3.2 million. This price equates to a price per s/f of $94 and a capitalization rate of 7.9% on the current net operating income.
* Jordan and D'Ambrosio sold a nine-unit multifamily property located at 259 Webster Ave. in New Rochelle. The transaction closed between two private Westchester investors at a price of $850,000. This price equates to a price per unit of $94,000 and a capitalization rate of 6.5% on the current net operating income.
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