YoHo Lofts & Nepperhan Plaza

Location: Yonkers, NY
Type: Mixed Use
Price: $ 9,900,000

SMC has provided a $9,900,000 first mortgage to refinance an existing CMBS loan. The property consists of two contiguous, five-story industrial loft buildings totaling 137,268 SF and a 14,463 SF containing retail space on the ground floor and office space on the second floor. The property is unique in that nearly 20% of the NRA is leased as specialized artist loft space. The Property was built in 1900 and recently was renovated in 2011. The property is currently 97.6% occupied by 128 tenants.