Red Starr Investments & Haymax Capital Sell White Plains Development Site For $3.5M

A development site located at 136-158 Westmoreland Ave. in White Plains has been sold for a total price of $3,525,000. The property, which includes an approved site plan for a 62 unit mixed-use development, offers a total BSF (Buildable Square Feet) of 60,000 and a PPBSF (Purchase Price per Buildable Square Feet) rate of $58. The transaction involved the buyer, whose identity has not been disclosed, and the sellers, Red Starr Investments and Haymax Capital.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $3,525,000
• Address: 136-158 Westmoreland Ave., White Plains
• Market: White Plains
• BSF: 60,000
• PPBSF: $58
• Units: 62

The deal was facilitated by brokers Christopher Gillis and Marion Jones of Cushman & Wakefield.