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660 White Plains Rd, Greenb...

GHP Office Realty Acquires 280,000 SF Office Building In Tarrytown For $31M
FINANCEDOffice

GHP Office Realty Acquires 280,000 SF Office Building In Tarrytown For $31M

660 White Plains Rd, Greenburgh, NY 10591, USA

$31,000,000

$110/SF

Building Size

280,000 SF

Asset Type

Office

Closing

Apr 17, 2023

AI

The office building located at 660 White Plains Rd in Tarrytown has been involved in a closed property transaction. The property spans 280,000 square feet and is owned by GHP Office Realty, Houlihan-Parnes Realtors, and RD Management. The deal was facilitated by brokers Rachel Greenspan, Bryan Houlihan, and Christie Houlihan from Houlihan-Parnes Realtors, along with Elizabeth Smith from Goldberg Weprin Finkel. The transaction involved a loan amount of $31,000,000 with a 10-year fixed interest rate.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $31,000,000
  • Address: 660 White Plains Rd
  • Market: Tarrytown
  • Landlord: GHP Office Realty, Houlihan-Parnes Realtors, RD Management
  • Brokers: Rachel Greenspan, Bryan Houlihan, and Christie Houlihan – Houlihan-Parnes Realtors, Elizabeth Smith – Goldberg Weprin Finkel
  • Loan Terms: 10-year, fixed interest rate
  • Square Footage: 280,000

The transaction involved the collaboration of key individuals, including the brokers mentioned before. They played a crucial role in facilitating the deal between the landlords and the undisclosed parties involved in the transaction. The office building at 660 White Plains Rd in Tarrytown has undergone a successful closed property transaction, with the loan terms offering a 10-year fixed interest rate.

Players

Bryan Houlihan

Broker

$31M

vol

2 deals

Broker
RD Management
RD ManagementLandlord

Tarrytown Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93